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1. According to Esposito, explain what the post–World War II “economic miracle” refers to. 2. How did Confucian humanism...

1. According to Esposito, explain what the post–World War II “economic miracle” refers to.
2. How did Confucian humanism contribute to East Asia’s ultimately successful response to the challenges brought by colonialism?

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ANSWER-1) According to Chiarella Esposito, a historian at the Mississippi University, the “economic miracle” post–World War II refers to a period of strong economic boom. The economies experienced price stability as there was stabilization of European currencies and economies. The promotion of international trade resulted to remarkable employment growth. There was fiscal surpluses, financial stability, booming stock market and rapid economic investment and growth.

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