… -1997, Japans manufactures accumulated trade surpluses of more than $700 billion, by stressing education, discipline and thrift (Fellows, 11).
Some critics feel that the Asian Development model can not be replicated because of financial factors due to bank lending. In contrast, others point out that the basis of the model is industrialization and thrift, which any country can replicate. This economic issue has been debated for over 40 years, and each side offers valid points.
Fellows, James. How the Far East was won. Vol. 123, U.S. News & World Report.
(1997): 08 December. Pp. 11.
(Malaysia-Thailand Joint Authority. (accessed 06 June, 2003) <www.mtja.org/>).
Unknown. Why Asia Is Different. Business Daily (Philippines). (1998): 16 August.