What term describes the economic zone of prosperity in East Asia during the late 20th century?

The term that describes the economic zone of prosperity in East Asia during the late 20th century is the Jakota Triangle. This term refers specifically to the economic region formed by Japan, South Korea, and Taiwan, which experienced rapid industrialization and growth during this period. The drivers of this growth included export-oriented strategies, technological advancements, government policies supporting economic development, and an educated workforce.

The Jakota Triangle became a model for development for other nations looking to replicate its success, demonstrating how economies can thrive through integration into global markets and effective state intervention in the economy. The region’s success in manufacturing and technology sectors made it a focal point for discussions about economic development in emerging markets.

The other terms do not relate to the specific economic context of East Asia during this time. The New Deal pertains to a series of programs in the United States aimed at addressing the Great Depression. Determinants of labor demand concerns factors influencing the need for labor in various economies, but it does not describe an economic zone or a specific region. Manifest Destiny is a 19th-century doctrine that justified the westward expansion of the United States, which is unrelated to the economic developments in East Asia in the late 20th century.