Modernization is a vital strategy against centuries of poverty. For success to be achieved, the ethos of traditional society and the old order must give to new beliefs and values (which stress efficiency, law and order, merit through achievement), and a strong effective government able to put...

A nation's attainment of wealth has long been synonymous with industrialization. In the process of globalization, China, Vietnam, Singapore, Thailand and other East Asian countries have become the world's fastest growing economies. The rest of the world now wants a foothold in these newly...

The importance of fast economic growth in developing countries has been an undeniable fact since the early 1970s, Singapore, in its rice from a struggling colony to its present status as an economic success, offers a glimpse of the factors that contribute to the growth of a thriving economy....