Why is it that Western and East Asian nations have the strongest economies...

Why is it that Western and East Asian nations have the strongest economies? Why did they succeed while the rest of the world failed? Why haven't we been able to replicate the Western/Asian success stories in African or South American countries?

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Geographical assets.
What is climate, landlocking?

Economy is tricky, most understand a successful country would be a large exporter of their regional good that are produced or mined!

Usually it is the opposite, the stronger countries are those that import resources to create some products as well as import made products!

The country that buys all the resources has more leisure time to become educated on certain matters such are for example technology and uses the resources to advance!

Usually knowledge is not equally shared thus nether are the resources ultimately!

This of course can become catastrophic over time despite the occasional influxes and tweaks to maintain some form of attempted balance!

Usually the tweaks tend to work in a controlled manor for some time, and then logically all parties lose full control of the situation!

If one side of the ship starts sinking it is only a matter of time before the other side does as well, the great balance must be observed one way or another!

A bit of everything. Historical opportunities, culture, geographic factors, local resources and, as /pol/ish as it sounds, probably genetics.

Race

elevated population averages in IQ.
ie
IQ is not definitive to say it is irrelevant to a student body of workforce mean you have never participated in one.

>!
This might have been insightful if it wasn't the most retarded punctuation I've ever seen

Because they opened up their economies earlier?
>the rest of the world failed
>Brazil and India don't have large and diverse economies.

It's just one factor among many. South Africa managed to reach a remarkable level of development with just a tiny European elite. Some East Asian countries only took off extremely late in spite of sky-high average IQs.

because that development was literally just there for the tiny level of european elite. Might as well say that colonial era India was very well developed because calcutta was a giant city.

That's untrue. the black majority was reach infinitely better level of development than neighboring countries.

this is what happens when dudewe3db3o redditors attempt to write something with meaning

durr durr economics is hrd, thanks sherlock

Im gunna preface this question by stating im an idiot.
What the fuck does rest of the world mean? the countries are grouped into continents, so in my mind rest of the world should be grouped with their respective continents? Im not sure what else could be there unless its multi-country shit?

>why are half the world's nations successful

Because the other half aren't.

This. In particular navigable rivers are important early on in lowering the cost of transportation. Genetics or rather personality also plays a role in terms of founder effects. In the links below Thomas Sowell mentions how overseas Chinese tend to thrive everywhere they go, but that they can't be considered in any way as average Chinese. Within China itself they would likely be part of the entrepreneurial classes.

youtube.com/watch?v=sGYl17DiEwo
youtube.com/watch?v=ICsPQnGJEpY

Race essentially, correlated with IQs.

Because of amazing white leadership, which is why I always say APARTHEID WORKS, so as long as whites are in charge

Nope. Have you never seen the black parts in Sa back then that did not look any different from any other poor african nation? Let aline the tans?

Thomas Sowell is not a historian and his grasp on history is extremely poor.

>what is Ukraine, Moldova, Belarus, Balkans, NK, parts of China

As for your answer... Luck.

*let alone the bantustans

Apartheid failed in nearly every metric to develop a nation properly at all.

He is an economist and this thread is about economics.

Luck is the only correct answer. While IQ can play a role between very distinct populations there is virtually no difference between IQ ow West and East Europeans.

His assumption on the entrepreneuralclass is pure bullshit

It is a statistical fact that overseas Chinese are wealthier than the populations they live among in Southeast Asia.

Last sentence user. You know how chinese do so well in se Asia? The fact that china is right nearby and all powerful and the bamboo network which is a wide and impenetrable and centuries long established diasporas. When they went to euro descent nation the dynamic is completely different.

How do you know it isn't different due to repression?

Chinese do really well in spain. They are poor but successful relatively

If you are poor you aren't successful.

Actually surprised my country is on the chart

Pretty much this. You can't get a better answer than this without really delving into academic literature as this is a really complicated question.

Cold War politics gave them free reign to support the expansion of their private industries as part of their diplomatic strategy. African and South American countries on the other hand were the conflict zones for this war, and by the time the Russians could no longer put up a fight those Western and East Asian policies had produced enormous multi-national corporations who have focused on exploiting labor and resources from the rest of the world for ever increasing profit.

woah man so deep really makes me think