 Sustained efforts of veering East Asia into a capitalist direction has created remarkable outcomes in terms of resilience, dynamism, growth, and economic prosperity.Even as late as the mid-twentieth century, East Asia remained nonindustrial, poverty-stricken, and torn by the ravages of World War II.Since the 1960s, Japan, South Korea, Taiwan, Hong Kong, Macau, and Mainland China have all achieved a modern economic takeoff leaving the economic rise of modern East Asia to become one of most important economic success stories in modern world history.