Consider the influence of Confucian ethics on the economies of China,
Japan, South Korea, and Taiwan.
It has been suggested that the economic success of China, Japan, South
Korea, and Taiwan, may be due, in part, to the influence of Confucian ethics
on the culture in those countries. Three values that are central to the
Confucian system of ethics are of particular note: loyalty, reciprocal
obligations, and honesty in dealing with others. The concept of reciprocal
obligations is important. Confucian ethics stress that superiors are obliged
to reward the loyalty of their subordinates by bestowing blessings on them.
The notion of guanxi, or business relationships, which permeates business
dealings in the region, revolves around the three values. For example, it has
been suggested that the close ties between the automobile companies and
their suppliers in Japan are facilitated by a combination of trust and
reciprocal obligations.