Editing Market economy (section)

==== East Asian model ====
{{main|East Asian model}}
The East Asian model of capitalism involves a strong role for state investment and in some instances involves state-owned enterprises. The state takes an active role in promoting economic development through subsidies, the facilitation of "national champions" and an export-based model of growth. The actual practice of this model varies by country. This designation has been applied to the economies of [[China]], [[Japan]], [[Singapore]], [[South Korea]], [[Vietnam]], and sometimes to those of [[Hong Kong]] and [[Taiwan]].<ref name="An East Asian Model of Economic Development: Japan, Taiwan and South Korea, 1988">{{cite journal |last1=Kuznets |first1=Paul W. |title=An East Asian Model of Economic Development: Japan, Taiwan, and South Korea |journal=Economic Development and Cultural Change |date=April 1988 |volume=36 |issue=S3 |pages=S11–S43 |doi=10.1086/edcc.36.s3.1566537 |s2cid=153899556}}</ref>

A related concept in political science is the [[developmental state]].