ABSTRACT
In previous chapters, we have examined the initial conditions prevalent at the time of the takeoff of the rapid growth periods, and the response of the EAEs that they generated. The unique distribution of growth factors, and the historical circumstances at the time, led the EAEs to concentrate upon exports with successive generations of strategic products. We have also investigated the nature of the coherent set of growth methods employed by the EAEs that promoted this type of growth, and their institutional implications. The EAEs’ rapid and prolonged growth was essentially driven by their striving for international competitiveness and comparative advantage, which demanded a reorganization of production, exchange and distribution, and the forging of a national unit of growth and competition. We have also looked at the cultural and social conditions of the EACs. While many aspects of these conditions were supportive of the new institutional arrangements emerging from the reorientation and “Nation Inc.” building, and were easily incorporated into them, many others were the very conditions that the new institutional arrangements were designed to modify or transform so that the cultural and social setting overall would be more conducive to desirable growth activities and efforts.
