In general, I do think the East Asian nations have over-prioritized work for export and industrial policy at the expense of the well-being of their citizens.

It feels to me more like, East Asian nations tend to have robust domestic sets of expectations that tend to be more stringent, reinforced by geological and cultural barriers, and comparatively lower international castes. Anyone born in EA have no choice but to constantly beat the average and to make contributions to the street cred jar for the nation. And that produce such things as TSMC chips and DJI drones and 7-11 egg salad sandwiches.