The Earliest and Most Successful Imitators of the Japanese Model

question 59

True/False

The earliest and most successful imitators of the Japanese model for economic development were the "two little tigers," Hong Kong and Thailand.

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Definitions:

Culture Of Poverty

A theory that suggests poverty creates a unique set of values, beliefs, and behaviors in the poor that contribute to the perpetuation of their economic disadvantage.

Poverty

A socio-economic condition characterized by a lack of basic resources needed to maintain a healthy and standard living, such as food, shelter, and access to healthcare.

Social Stratification

A system by which a society ranks categories of people in a hierarchy based on factors like wealth, income, race, education, and power.

Industrialized Societies

Societies characterized by a high level of industrialization, technological advancement, and a significant portion of the economy devoted to manufacturing and services.