Word: hong
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Dates: during 1980-1989
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...even more momentous than the opening to China was the unprecedented economic performance by Japan and the East Asian "Gang of Four" (Korea, Taiwan, Hong Kong, and Singapore). By the end of the 1970s, Japan was producing about almost ten million cars, about one hundred times the car production 20 years earlier. From a nonexistent steel production in the early '50s, Japan was producing by the end of the 70s about as much steel as all of Europe combined or as much as the United States, but in much more modern facilities. It was producing more ship-building tonnage than...