Taiwan, Korea, Singapore, and Hong Kong. Through his study the author demonstrates that there was no miracle involved in these countries growth. They applied specific

strategies that were adapted to their local environment. Some of these strategies worked some didnit. The author says that by examining these nations, one may be able to

repeat there success. The book is divided into three parts. In "Part One: Places" the author tells where these countries started from. Some were poorer than average. Some

had little natural resources. The people of these countries had different outlooks on the world thus different behavioral tendencies. Part I is divided into five chapters each

examining a countries. Woronoff begins Chapter 1 "Japanis Two Miracles," by discussing Japanis first industrial revolution. In 1853 when Commodore Perry opened Japanis

ports to foreigners, Japan was feudal society. It was not very evolved nor very modern. Agriculture was good but not enough for the growing population. Japan wanted to

learn from the West. Japan sent many students to Europe an

overpopulated. The victorious Allies gave or rather imposed democratization onto Japan. The zaibatsu were disbanded. Japan was left weak. The United States provided

Singapore sought foreign investors. It provided incentive for companies to come in. Banking is one of the industries that bloomed. Singapore became the "Asian

Chapters 9 and 10 examine the importing and exporting strategies of these nations. Exporting has been especially successful for these nations for to reasons. One reason for

the worldwide growth in the first two decades after the war. Then the oil crisis and recession of the 1970is slowed down all but a few economies, the Five were among those

success. Lesson 2 is "no matter how good a policy is" one must remain flexible in using it. Lesson 3 is heed to economic laws. Lesson 4 is "pragmatism takes many forms"

Some common words found in the essay are:
Hong Kong, World War, II Polices, Soon North, Capitalist Haven, Miracles Alive, United Statesi, Imperial Japan, War Singapore, Capital Paradise, economic growth, hong kong, world war, book asiais miracle, local environment, tells countries, natural resources, begins chapter, little natural, author tells, asiais miracle economies, united provided financial, little natural resources, soon japan,
Approximate Word count = 1722
Approximate Pages = 7 (250 words per page double spaced)