In observing the remarkable success of economic development in East Asian countries such as Japan, korea and Taiwan over the past thirty years or so adherents of the neoclassical theory emphasize one important lesson that can be learned from the East Asian experiences. This is the importance of getting the basics right. They argue that the government should provide a stable macroeconomic environment and a reliable legal framework in order to create an environment favorable to the free play of market forces. According to this critique, minimum intervention with the lowest degree of relative price distortion is a virtue. They see that Asian economies benefited the most from a government strategy that followed the lead of the market, rather than trying to actively direct it.