A country which has seen rapid industrialization since the 1970s. The economic success of newly industrializing countries has been attributed to shared values and high levels of mutual trust within cultural groups (Batley in V. Desai and R. Potter 2002). See Sum in H. Beynon et al., eds (2001) on the ‘embedded exportism’ of East Asian newly industrializing countries. See also N. Forbes and D. Wield (2002).