conomic development (Bradshaw and Wallace, 99).
Modernization theorists point to Asia as basic confirmation of the argument that capitalist economies prevail, technological innovation and education are drivers of economic development, and Western foreign and/or capital investment contribute to economic growth (Bradshaw and Wallace, 115). While modernization theory does not explain all development in the region, it does demonstrate that economic dynamism produces greater democracy. However, Asian countries are not dominated by Western religions, values, and cultures. Diverse political systems and structures have fostered similar economic policies and the four dragons have not sat idly by and adopted the role of a victim in the global economy.
Further, the dragons have a high level of ethnic homogeneity which reduces violent ethnic conflicts and promotes solidarity inside and outside the workplace. The Asian companies themselves in these countries promote loyalty, productivity, and teamwork. Labor unions are rare, pay differentials within an organizational hierarchy are relatively small, and companies enjoy high levels of worker morale. Bradshaw and Wallace (100) state that these reasons, which represent a combination of exter