ELI5: Explain Like I'm 5

East Asian model of capitalism

East Asian model of Capitalism is when a government works together with businesses to help make their economy grow. The government will usually provide funding for businesses, make laws to help them, and make sure that businesses don't take too much from their workers. It also usually has a stronger focus on export-driven industries like manufacturing, than other types of capitalism. This model has helped countries like Japan, South Korea and China become some of the world's most successful economies.