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... or through government manipulation of the markets.
Also, the lack of domestic competition served to stagnate the progress of many East Asian companies, which in turn, lowered their status in the international marketplace. The export markets for many of these countries slowed, and so did their foreign investment.
The governments of Malaysia and Singapore followed similar patterns to Japanís government regulation of the economy, and likewise continued down to struggle economically. The situation in China was a little more unique. China was affected by the economic slowdown of the 1990s, but not to the degree the other East Asian nations were. Also, this period ...

... goes on to point out that gone are the days when the Asian markets only have to compete with themselves. Their domination over many highly skilled and technological industries is wavering with new technological advancements in the United States and the European Union, and even in emerging economic countries such as India, Brazil, and Mexico (Goad).
The export model employed by the East Asian countries proved to be detrimental in the long run. While it initially sparked massive growth, especially in technological sectors, it did not take into account the emergence of international markets (Goad). It put too much emphasis on exports, and not enough ...

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