ABSTRACT
The emergence of an East Asian group also had a notable impact on the West. In many ways, the effect was even sharper in Europe and North America than in Asia, because the methods used were bound to provoke more direct confrontations. The Five appeared as unwelcome upstarts in just those areas where the West had hitherto enjoyed an undisputed superiority, industrial production, procurement of raw materials, application of technology and sales of manufactured goods. That the Five should even attempt such a thing was startling. That they should succeed was most unsettling. It is only because they beat the West at its own game that it deigned take the "miracle" economies seriously.
