After WW2, Japan emerged the first economic and technological leader in Asia, but by the 90s, they fell behind Taiwan, South Korea, and later, China. Why?
https://www.quora.com/After-WW2-Japan-emerged-the-first-economic-and-technological-leader-in-Asia-but-by-the-90s-they-fell-behind-Taiwan-South-Korea-and-later-China-Why/answer/%E6%A1%91%E7%94%B0-%E5%81%A5%E5%8F%B8-Kuwata-Kenji?prompt_topic_bio=1
I'll answer as a question from junior high school students.
This is because industrial development flows into low-wage areas.
The economy of Korea and China, whose wages have improved, has moved to Southeast Asia.
Therefore, neither China nor Korea will develop any further.
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