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How has Confucianism Influenced Economic Growth in East Asia

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How has Confucianism Influenced Economic Growth in East Asia
How has Confucianism influenced modern economic development in East Asia?

The rise of Asia’s so called “Tiger” economies followed by China, has given rise to the spectrum of a distinctly East Asian economic development model. The pioneering economic success of in particular, Singapore, South Korea and Japan since the 1970’s has highlighted the need to evaluate and distinguish how such economies achieved such successive growth. A variety of possible factors can explain or highlight possibilities for the successive development of East Asia. A particularly unique factor that has to be taken into account is Confucianism. The interplay between culture and development can help explain how in particular Japan and South Korea, which were relatively closed societies, have risen to attain the status of newly industrialized countries. This essay will investigate and evaluate, through the presentation of arguments and examples, the extent to which Confucianism has influenced modern economic development in East Asia. This will be achieved by firstly providing a working definition of Confucianism; then locating its positive impact within a broader debate concerning a distinctly Asian development model; investigating and analyzing the challenges presented by Confucianism in the economic development of East Asia; evaluating both the negative and positive implications of Confucianism in East Asian economies and finally assessing to what extent Confucianism has played a role in the development of East Asia’s economies.

Confucianism attained its name from Confucius, who was a scholar, in Eastern China (551-479 BCE) . Confucianism is a system of ethical and philosophical teachings introduced by Confucius and further developed by in particular Mencius (372-289BCE), who was a pupil of Confucius teachings. Traditional Confucianism according to shares a set of basic convictions, which can be understood as: Humans are born with the capacity to develop morality; this moral



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