Following the early post-World War II period, policies generally fostering low levels of inflation and high rates of savings and investment -- including investment in human capital through education -- contributed to a sustained period of rapid growth.
In some cases this BIS Review 111/1997  -2-  started in the 1960s and 1970s, but by the 1980s most economies in the region were expanding vigorously. Foreign net capital inflows grew, but until recently were relatively modest.