What distinguishes Asian emerging countries (excluding China and India) from Latin American countries?

When it comes to growth and industrial activity, the economic situation of Asian emerging countries (excluding China and India) is much better than that of Latin America. What accounts for this difference between Asia and Latin America? We look at: The investment effort; The investment-savings equilibrium, the current account balance and the exchange rate; The level of education, innovation and productivity gains; The state of infrastructure; Monetary and fiscal policies. What sets Asian emerging countries apart from Latin American emerging countries is primarily the level of savings, which is high in Asia and low in Latin America. Relative to Latin America, in Asia this results in more investment, higher productivity gains, an external surplus, a stable currency and lower inflation and therefore interest rates.