Four Asian Tigers

Four Asian Tigers
Four Asian Tigers with flags.svg
The Four Asian Tigers: South Korea, Taiwan, Singapore and Hong Kong
Chinese name
Traditional Chinese亞洲四小龍
Simplified Chinese亚洲四小龙
Literal meaningAsia's Four Little Dragons
Korean name
Hangul아시아의 네 마리 용
Hanja아시아의 네 마리 龍
Literal meaningAsia's four dragons
Malay name
MalayEmpat Harimau Asia
Tamil name
Tamilநான்கு ஆசியப் புலிகள்

The Four Asian Tigers (also known as the Four Asian Dragons or Four Little Dragons in Chinese and Korean) are the developed East Asian economies of Hong Kong, Singapore, South Korea, and Taiwan. Between the early 1960s and 1990s, they underwent rapid industrialization and maintained exceptionally high growth rates of more than 7 percent a year.

By the early 21st century, these economies had developed into high-income economies, specializing in areas of competitive advantage. Hong Kong and Singapore have become leading international financial centres, whereas South Korea and Taiwan are leaders in manufacturing electronic components and devices. Large institutions have pushed to have them serve as role models for many developing countries, especially the Tiger Cub Economies of southeast Asia.[1][2][3]

In 1993, a World Bank report The East Asian Miracle credited neoliberal policies with the economic boom, including the maintenance of export-oriented policies, low taxes and minimal welfare states. Institutional analyses found that some level of state intervention was involved.[4] Some analysts argued that industrial policy and state intervention had a much greater influence than the World Bank report suggested.[5][6]

  1. ^ "Can Africa really learn from Korea?". Afrol News. 24 November 2008. Archived from the original on 16 December 2008. Retrieved 16 February 2009.
  2. ^ "Korea role model for Latin America: Envoy". Korean Culture and Information Service. 1 March 2008. Archived from the original on 22 April 2009. Retrieved 16 February 2009.
  3. ^ Leea, Jinyong; LaPlacab, Peter; Rassekh, Farhad (2 September 2008). "Korean economic growth and marketing practice progress: A role model for economic growth of developing countries". Industrial Marketing Management. 37 (7): 753–757. doi:10.1016/j.indmarman.2008.09.002.
  4. ^ Derek Gregory; Ron Johnston; Geraldine Pratt; Michael J. Watts; Sarah Whatmore, eds. (2009). "Asian Miracle/tigers". The Dictionary of Human Geography (5th ed.). Malden, MA: Blackwell. p. 38. ISBN 978-1-4051-3287-9.
  5. ^ Rodrik, Dani (1 April 1997). "The 'paradoxes' of the successful state". European Economic Review. 41 (3–5): 411–442. doi:10.1016/S0014-2921(97)00012-3. ISSN 0014-2921.
  6. ^ Chang, Ha-Joon (2006). The East Asian Development Experience. ISBN 9781842771419.

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