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And also, people should just invest in education. That’s why the East Asian tigers do so well, is because they have such well-educated populations. How do you think about those explanations?

The government's role in the medical sector is equally varied. The East Asian tigers have introduced relatively comprehensive medical insurance schemes to rationalize the financing of medical care, ...

The East Asian tigers, too, began with low-cost production, but the transition from low-middle-income status to high-income status is only possible with more capital – and knowledge-intensive ...