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Basically, i dont agree with the stingy concept. Yes, it may be true that "saving" is one of the Asian core values but i dont think it is the most contributing factor. Let me introduce a perceptive to this topic. Economy.
It is a well documented fact that the Europeans are far more advanced and their economies are way ahead of their Asian counterparts. However, one must note that Asia is fast catching up on Europe, evident from China, India or even Vietnam economies. Singapore is in there too =p.
Basically, Europe were like Asia in the past. They had to work hard to get to where they are today. In short, their economies improved after the industrialization period and they grew from strength to strength after that. The thing is, with much success in their hands, Europe need not work as hard and they place more emphasis on leisure. This leads to shorter working hours and development of their entertainment, sporting scenes which today, are spinning huge revenues.
On the other hand, Asia's development is far slower and has been largely regarded as the developing region. This mainly because they industrialized later that the Europeans i think (if my memory serves me right). The Asia region on a whole is trying very hard to catch up with their Europeans counterparts. Which is why Asians have been regarded as the hardworking bunch of ppl who do not know how to enjoy life. This hardworking attitude towards their jobs leaves very little time for leisurely activities like sports or musicals which further accounts for the relatively undeveloped sporting, art, entertainment scenes in the Asia region. On top of that, with not much spending avenues, they developed the value of saving their cash for rainy days.
However, it must be noted that from the late nineties til today, Asia have been making huge steps forward. They are closing up the gap with Europe! prob 5-10 years behind only i feel. With more advancement and success in their hands, Asians need not work as hard anymore and are placing more emphasis on leisure. This is evident in Singapore as they recently implemented the 5-day work week. This results in the development of sporting and entertainment scenes in the Asia region in the recent years as seen from the many F1 Asian tracks. As such, Asians of today are more willing to spend money on leisure activities. Personally, i feel that the time of Asia has come and the sporting scenes, karting in this case, in Asia will developed rapidly within the next few years.
On top of that, Asian countries are also using global sporting events to further boost their economies considering the huge amounts of revenues that can be reaped. In no time, Asia can be on par with Europe!
Therefore, the willingness or unwillingness to spend on leisure activities, karting in this case, i feel is bounded by the economy/development of the country. The above mentioned is just one of the main contributing factors, i do acknowledge the existence of other factors such as mindsets etc.
PS: This above is merely my personal opinion.
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