Economics Question

Scholars who study the economic success of Japan and Korea in the post-WWII period focus too much on their stateled industrialization strategies, in particular the impact of their industrial policies. But industrial policy does not explain their developmental success. Rather, the high-speed growth of both countries can be explained entirely by other factors, including the sound general economic policies both governments followed, the dynamism of their respective private sectors, and the favorable external context that both enjoyed.” You need to discuss both sides of this question.