There are a few cultural advantages some emerging countries such as India and China have. For one they don't really have a welfare state, families members are expected to look out for one another. The society is more collective than individualistic compared to the West. Also a lot of Asian families have a different sense of creative concept than in the West so for them nurturing their children to do well academically and work towards a profession of high status (like Doctor or Solicitor) takes precedent over allowing their child to develop as an individual. And saving is more valued in Eastern culture rather than the spending spree materialistic culture we have over here. However all of that could change just like it did in the West.








