Introduction
The combined Gross Domestic Product (GDP) for China, Japan, Korea, Taiwan, Hong Kong and rose to $15.8trillion in 2008(International Monetary Fund estimates) which is impressive when compared to the G.D.Ps of U.S.A and Canada ($ 15.5trillion) and Europe ($ 14.8trillion). This spontaneous exponential growth can be attributed to population dynamics (nearly two third of the world’s population resides in Asia), economic markets and or/socio-political conditions (a fusion of capitalism and socialism/communism) and the work ethic of these Asian cultures among. This paper shall ascertain the role of each of these three major factors in the increased economic growth rate in ...