Introduction In this essay we look in-depth on how government strategies and economic policy play a crucial role in the success of High Performance Asian Economies (HPAEs) during 1960 to 1990 (World Bank 1993).There are eight countries within HPAEs: South Korea, Taiwan, Hong Kong, Singapore, Thailand, Malaysia, Indonesia and Japan. Its economic development has significantly rise that it was name ‘East Asia Miracle’ (World Bank, 1993). Out of the eight country, Singapore, Hong Kong, Taiwan and South Korea were known as “Asia’s Four Little Dragon” along with Japan has modern it industry in rapid growth after World War II, (Ezra F, 1991). To understand the success behind Asia’s Four Little Dragon, the government economic policies and strategies is debatable. The role of a Government plays a crucial role in its nation economic market, ensuring macroeconomic stability and planning long term plan is the fundamental requirement for the nation growth.
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