CONCLUSION:
The countries included in the Asian miracle were We could conclude that the Asian growth model followed by the Asian economies and led to their success was laid down on the basis to improve certain factors and which it did in the Asian economies, they are, to maintain macro-economic stability is one of them; to manage their domestic and international debts and to keep them as low as possible so as to increase the net returns. They also wanted to create a technocratic bureaucracy in the economies so as to establish a plan - rational approach in the economies so as to reach economic development in smoother and a systematic manner, The model also helped the various economies to increase the current savings rate and to sustain a high savings rate in economies example of this would be China (44%), Malaysia and Singapore have and average of 33%. Another important aspect or factor of the Asian model was to increase the role of the state, to have a synergy between the state and the market and have a guided market, to have focus on enhancing national competitiveness, to have a competitive collaboration between the state and business, to increase the productivity.
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