Courtesy Reuters

A great deal has been made of the World Bank's announcement that the high rates of economic growth in the East Asian miracle economies stem from getting the fundamentals right. While that observation emphasized astute macroeconomics, various commentators have asserted that these fundamentals relate to unique Asian values. Kishore Mahbubani ("The Pacific Way," January/February 1995) implies that a fusion of Western and Asian cultures defines what he terms the "Pacific way."

Despite this presumed fusion, Mahbubani's essay points almost exclusively to the beneficial consequences of these Asian values. Beyond satisfying the self-serving political considerations of apologists for ruling regimes, this

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