 Driven by rapid modernization and specialization in advanced cutting edge high technology has allowed the East Asia to register high economic growth with the region being home to among some the most affluent nations with highest standards of living across the world.Japan was the first to rise from the ashes of World War II, rapidly re-modernizing itself during the 1950s and early 1960s and eventually dominating the global marketplaces with its innovative automobiles and advanced consumer electronics while securing its position as the world's third-largest economy after the United States and Mainland China.The rise of the East Asian Tigers, which includes South Korea, Taiwan and Hong Kong, all overcame the ravages of war and poverty to achieve unprecedented impressive growth rates during the 1970s-1980s, placing themselves among the world's richest and dynamic economies.