Nothing is a single cause.
A combination of causes. Not to mention China, China is too big and special.
But China, South Korea, North Korea, Japan, Vietnam, Singapore, These countries have similar cultural backgrounds, Confucian cultural circles, no strong religious background, emphasis on education, secular society, hard work. Most East Asian experts believe that if North Korea reforms and opens up, its economy will soon take off.
Vietnam followed the Chinese reform and opening up, closer to China, and China's largest economic region, Pearl River Delta,Vietnam has been integrated into the Chinese economic chain. Vietnam imports $70 billion worth of components and raw materials from China every year, which are then processed and assembled for export.
Before ASEAN and China signed the free trade area, the GDP of the whole ASEAN was equal to that of South Korea, and now it is twice that of South Korea.
Each country will find its own place in the global economic chain and develop its own advantages. If we do not participate, we will be out of the world economic chain.
At the height of the boom, the country was preoccupied with economic development, not political strife, elections, religion. A stable political situation is conducive to enhancing investors' confidence. China,Japan, South Korea and Singapore's rapid economic development period is also a period of political stability.
Pakistan faces more problems.
1. External and internal security environment. Long-term confrontation with India and instability in neighboring countries such as Afghanistan. There are frequent terrorist attacks and tribal armed forces Inside. Security is the confidence and cornerstone of the economy.
2.Insufficient stability in political situation and policies. The government's organizational capacity is not very strong, and politics is greatly influenced by elections. Politicians spend a lot of energy campaigning rather than developing the economy.
3.The importance attached to education. If the best building in a village or town is a school rather than a mosque or a church, that's about right.
4.Religious factors, Religion should be the practice of one's own heart.It tells you what is right and what is wrong. Religion is now often used to start political battles or campaigns.