Capitalism in East Asia

Cards (2)

  • ‘East Asian Tiger Economies’ - industrialised and have become significant players in the global economy 
  • Redding 1990: spirit of capitalism among Chinese entrepreneurs as ‘post-Confucian’ and encourages hard work, discipline, frugality and a commitment to education and self-development. This results in economic productivity and accumulation of capital - appliance of Weber’s Protestant Ethic