This allowed much faster growth when copying the leaders. It is important to realize that these growth rates should slow as the countries catch up. An area in which East Asia is investing much of its GDP is in physical capital and education. Compared to the industrial leaders, the East Asian countries have sustained a much higher investment in these areas...
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Compared to the industrial leaders, the East Asian countries have sustained a much higher investment in these areas. South Korea invests 35% of its GDP which is more than double America's capital spending. The East Asian countries have placed much emphasis upon education. Education is the key to mastering the technologies which they have been borrowing from the economic leaders of the world...
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