What kind of economic conditions can allow economies to achieve steady, high economic growth?

What are the commonalities among East Asian economies that achieved rapid economic development? In class, we talked that there are differences even among East Asian economies between those which achieved high economic development in earlier years and those which are late comers. What are the differences? Among the factors that contributed to rapid economic development, are there any lessons that can be learned by other developing economies in the world? What kind of economic conditions can allow economies to achieve steady, high economic growth? Are there any Asian specific factors especially in terms of political-economic factors? What is the U.S. involvement?

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