Introduction
The study on economic development can be traced back in the earliest at the end of the Second World War were the respective academics and policy developers are largely debated the essence role of the public policy of some of the developing economies. It is evident based on the economic progress and the percentage of growth that the respective nations on Asia have recorded since that period. East Asia is one of the regions where the respective nations have recorded a one of the world economies and were being able to sustain economic growth and development. Menom, (2004) not ...