Confucius’ legacy explains much of China’s current economic success, as well as the long periods of prosperity enjoyed by other societies with Confucian traditions, such as Japan, South Korea and Singapore. The strength and resilience of Confucian teaching is demonstrated by the fact that despite communism, it remains deeply engrained in China’s moral and social fabric.

A New Key to Understanding China’s Economic Miracle
While contemporary economists are focusing on the presence, studying merely technical explanations for China’s success, they overlook the ancient philosophic roots for its excellence. In fact, a thorough analysis of China’s history of ideas affords a startling revelation: Confucianism, an ‘exogenous variable’, has played a decisive role in serving as a catalyst for China’s development and offers important lessons for leaders around the world.

Undoubtedly, Confucian thought runs counter to mainstream Western culture and orthodoxy, which stresses material gain and unrestrained individualism at all expense. But given that the teaching of Confucius and his disciples provides new perspectives and approaches for dealing with the most burning issues of our time, it can be considered as an ultramodern addition to the problem-solver’s toolbox. Because of its powerful impact and universal applicability, it is highly relevant for movers and shakers outside of China, too. Its spread is currently most exigent in the West and will become increasingly vital in many rapidly westernizing Asian countries.

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