The Miraculous growth of the Asian Tigers - how do values contribute to development? A qualitative study on the role Asian values had on the Asian miracle

Abstract: The purpose of this study is to highlight the role and effect values had on the miraculous growth conducted in East-asia, more specifically the role Asian values had on the Four Asian Tigers. The growth that occurred during the later part of the twentieth century in these states was conducted in such a pragmatic and successful manner that the understanding of how was a poignant factor in development studies. The outset of this miraculous growth ended in a financial crisis that left the method these states conducted to be discarded and seen as a faulty method. The study by conducting qualitative research locates the means of growth and analyzes the phenomenon in an effort to see if the development effort that is the Four Asian Tigers is correct in being seen as a faulty and obsolete method. By showing the role of values and utilizing a different-outcome design the study shows the role values played in the implementations of policies and reforms during the development phase. The research recognizes that Asian values had bearing on the successful growth up until the financial crisis in both economic and social spheres. By the time of the stagnation these values had changed considerably in the role they had politically in some states which left them vulnerable to the effects of the crisis. This result showcases the role of Asian values in the growth and the lack of the values in the years of financial fallacy.