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  • 1988

  • Hofstede, Geert; Bond, Michael Harris (1988): The Confucius connection: From cultural roots to economic growth. In: Organizational Dynamics 16 (4), S. 5-21. DOI: 10.1016/0090-2616(88)90009-5

    DOI: https://doi.org/10.1016/0090-2616(88)90009-5 

    Abstract: In 1968, the late Nobel-prize-winning economist Gunnar Myrdal published a book entitled Asian Drama that described his investiga- tions into the failure of economic develop- ment policies in South and Southeast Asia. Twenty years later, we are experiencing a very different kind of Asian drama: Japan, South Korea, Taiwan, Hong Kong, and Singapore are now outperforming the United States and Western Europe economically. Western mar- kets are flooded with high-quality, high- technology products “made in Asia”; the production of cameras, TV sets, and domes- tic appliances has all but ceased in many Western countries, the automobile business has suffered severely, and President Reagan has had to violate his free-trade principles to save the U.S. microchip industry. It is true that most of the competition is from East, rather than from South or Southeast Asia; however, some South and Southeast Asian countries besides Singapore, such as India, Malaysia, Thailand, and Indonesia (the very scene of Myrdal’s drama), also show signs of an economic takeoff.

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