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Word Count: 3,649
During the 1950s it was unthinkable of considering the East Asian states much less the self-devasted Peoples Republic of China rivaling the United States on equal economic and political ground However in current times key phrases the Asian Miracle the four Asian Tigers Pacific Free Trade agreement marked the agenda of any politician and government seeking to stay achieve a longer and prosperous political career With the exceptions of North Korea and Myanmar Asian states in the Pacific Rim ha enjoyed exceptional success in development and in their economies to the bewilderment and frustration of their western counterparts The reigning economic theory of capitalist laissez faire had brought a darkening era for the western countries for how could autocratic and totalitarian regimes with a a heavy hand on human rights and discardtion of laissez faire market theory rack up such high success The continuation and the hopeful rise of the success of the East Asian region is based on their ever growing economy regional integration and the refocus and the shift of foreign nations most specifically the United States for investment development and political military and economic realignment However the very same forces which could bring the region to global priminance could lead it to a path of crisis and confrontation if not heeded the cointinuing degradation of the environment unsettled regional tensions and conflict and internal and domestic affairs Economy The East Asian region has developed its own economic strategy and system which brought it continual success since the 1960s It is neither a model based entirely on the laissez faire theory nor the socialist system but its own brand that arguably could had only worked in East Asia The adoption and the development of the capitalist developmental state was a crucial component to the economic achievement of the East Asian region This government guided agenda adopted a method of state led development and initiative into the expansion of domestic infrastructure and technology This
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