Capitalist developmental state a capital system in which the state plays a large role. South korea is the 1st of four little dragons, countries that are not big but have done very well since ww2. 3- singapore(city state -founded as a port, nancing hubs) 4- hong kong(city state -founded as a port, nancing hubs) China is important as an exporter and a new consumer. 1945-1952 - occupied by us, known as scap - supreme commanders of the allied powers, widely considered the most benevolent occupation in modern times. 60- 72 - economic miracle(by design) - done by the middle class life, searching for the bright life - akarui seikatsu. 70 s - successful adjustments bc of oil crisis, look at making fuel ef cient cars, consumer electronics, away from ship building. 92-93 - 45000 to 10000 stock market but the economy has stagnated for over a decade now. Movie/film clip/ news reel for the us occupation.