Key Takeaways
- The Four Asian Tigers are the high-growth economies of Hong Kong, Singapore, South Korea, and Taiwan.
- All four economies have been fueled by exports and rapid industrialization, and have achieved high levels of economic growth since the 1960s.
- The countries that make up the Four Asian Tigers share common characteristics, including a sharp focus on exports, an educated populace, and high savings rates.
Where are the Asian Tigers located?
The Asian Tigers The Asian Tigers are made up of four countries in east Asia - South Korea, Taiwan, Singapore and Hong Kong. They all went through rapid growth by going through industrialisation since the 1960s when TNCs looked for areas with cheap labour and low costs for other things.
What are the four Asian Tigers?
Four Asian Tigers is a term given to the economies of four countries – Hong Kong, Taiwan, Singapore, and South Korea. Driven by exports and rapid industrialization, the Four Asian Tigers have steadily retained a high rate of economic growth since the 1960s, joining the ranks of the richest countries in the world.
What is another name for Asian Tigers?
Among the four Asian Tigers are Hong Kong, Singapore, South Korea, and Taiwan. What Is Another Name For Asian Tigers? In South Korea, Taiwan, Singapore and Hong Kong, the four Asian tigers account for all but Taiwan’s GDP and are regarded as Asian Dragons (also known as Four Asian Little Dragons in Chinese).
What is the history of Asian Tigers?
The Asian Tigers are made up of four countries in east Asia - South Korea, Taiwan, Singapore and Hong Kong. They all went through rapid growth by going through industrialisation since the 1960s when TNCs looked for areas with cheap labour and low costs for other things. They are considered as the first generation of NICs.
What are the 4 Asian tigers of the world?
From North to South–the Asian Tigers include South Korea, Taiwan, Hong Kong, and Singapore. South Korea, Taiwan, Hong Kong, and Singapore have one thing in common: rapid growth through industrialization. This transformation began in the 1960s when transnational companies (TNCs) sought new areas with lower labor costs.
How many countries in Asia have tigers?
four Asian Tiger countriesCommon Questions About Asian Tigers The four Asian Tiger countries are Hong Kong, Singapore, South Korea, and Taiwan.
Why are they referred to as Asian tigers?
Named after the ferocious beasts native to East Asia, these economies are marked by rapid industrialization, high development, and annual economic growth exceeding 70% between the 1960s and 1990s.
What part of Asia has the most tigers?
ThailandThailand has the highest number of wild tigers in Southeast Asia thanks to a national conservation project implemented since 2010, according to Minister of Natural Resources and Environment Varawut Silpa-archa.
Who is the tiger of Asia before?
Singapore was deemed an “Asian tiger” (along with Korea, Hong Kong, and Taiwan), while Indonesia, Malaysia, the Philippines, and Thailand were dubbed “tiger cubs.” All five countries have since lived up to those names, with Singapore now a high-income economy and the four cubs all middle-income economies.
Which country is known as country of tigers?
India currently hosts the largest tiger population. Major reasons for population decline are habitat destruction, habitat fragmentation and poaching.
Is Philippines a tiger of Asia before?
In the 1960s, the Philippines, Sri Lanka and Myanmar were considered as the "Tiger of Asia" Economies as all three countries were experiencing high growth.
Do tigers still live in Vietnam?
As few as five tigers may remain in the wild in Vietnam, surviving in border areas of the central and northwest region of the country. However, ENV investigations have proven that the illegal tiger trade flourishes in Vietnam with a number of farms known to be selling tiger cubs and trading tiger bones and parts.
Does Thailand have wild tigers?
Fewer than 200 tigers are thought to remain in Thailand's national parks and wildlife sanctuaries, where strong protection and habitat connectivity preserves several breeding populations.
Which country has the most tigers 2022?
Nepal is one of 13 tiger range countries, and the only one realistically expected to achieve the goal set 12 years earlier at the inaugural Tiger Summit in Saint Petersburg, Russia, to double the global tiger population by 2022.
Was Philippines called tiger of Asia?
In the 1960s, the Philippines, Sri Lanka and Myanmar were considered as the "Tiger of Asia" Economies as all three countries were experiencing high growth.
Does Singapore have tigers?
There are currently about 65 species of mammals in Singapore. Since the founding of modern Singapore in 1819, over 90 species have been recorded, including large species such as tigers, leopards and sambar deer.
What are the four Asian tiger?
The Four Asian Tigers (also known as the Four Asian Dragons or Four Little Dragons in Chinese, Japanese and Korean) are the economies of South Korea, Taiwan, Singapore and Hong Kong. Between the early 1960s and 1990s, they underwent rapid industrialization and maintained exceptionally high growth rates of more than 7 percent a year.
How much is the economy of the Asian Tigers?
In 2018, the combined economy of the Four Asian Tigers constituted 3.46% of the world's economy with a total Gross domestic product (GDP) of 2,932 billion US dollars. The GDP in Hong Kong, Singapore, South Korea and Taiwan was worth 363.03 billion, 361.1 billion, 1,619.42 billion and 589.39 billion US dollars respectively in 2018, ...
What is the role of Confucianism in the success of the Four Asian Tigers?
The role of Confucianism has been used to explain the success of the Four Asian Tigers . This conclusion is similar to the Protestant work ethic theory in the West promoted by German sociologist Max Weber in his book The Protestant Ethic and the Spirit of Capitalism.
What are the reasons for the rise of the Asian Tiger economies?
Export policies have been the de facto reason for the rise of these Four Asian Tiger economies. The approach taken has been different among the four nations. Hong Kong, and Singapore introduced trade regimes that were neoliberal in nature and encouraged free trade, while South Korea and Taiwan adopted mixed regimes that accommodated their own export industries. In Hong Kong and Singapore, due to small domestic markets, domestic prices were linked to international prices. South Korea and Taiwan introduced export incentives for the traded-goods sector. The governments of Singapore, South Korea and Taiwan also worked to promote specific exporting industries, which were termed as an export push strategy. All these policies helped these four nations to achieve a growth averaging 7.5% each year for three decades and as such they achieved developed country status.
What are the three variables that each of the four Asian Tiger states managed to achieve success?
Each of the Four Asian Tiger states managed, to various degrees of success, three variables in: budget deficits, external debt and exchange rates. Each Tiger nation's budget deficits were kept within the limits of their financial limits, as to not destabilize the macro-economy.
What were the two main sources of the Asian miracle?
A World Bank report suggests two development policies among others as sources for the Asian miracle: factor accumulation and macroeconomic management . The Hong Kong economy underwent industrialization with the development of a textile industry in the 1950s.
Why did the Asian Tigers rebound?
As the world recovered from the financial crisis, the Four Asian Tiger economies have also rebounded strongly. This is due in no small part to each country's government fiscal stimulus measures. These fiscal packages accounted for more than 4% of each country's GDP in 2009. Another reason for the strong bounce back is the modest corporate and household debt in these four nations.
Summary
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.
Overview
Prior to the 1997 Asian financial crisis, the growth of the Four Asian Tiger economies (commonly referred to as "the Asian Miracle") has been attributed to export oriented policies and strong development policies. Unique to these economies were the sustained rapid growth and high levels of equal income distribution. A World Bank report suggests two development policies among o…
Gross domestic product (GDP)
In 2018, the combined economy of the Four Asian Tigers constituted 3.46% of the world's economy with a total Gross domestic product (GDP) of 2,932 billion US dollars. The GDP in Hong Kong, Singapore, South Korea and Taiwan was worth 363.03 billion, 361.1 billion, 1,619.42 billion and 589.39 billion US dollars respectively in 2018, which represented 0.428%, 0.426%, 1.911% and 0.696% o…
Education and technology
These four countries focused on investing heavily in their infrastructure as well as education to benefit their country through skilled workers and higher level jobs such as engineers and doctors. The policy was generally successful and helped develop the countries into more advanced and high-income industrialized developed countries. For example, all four countries have become global education centers with Singapore, Taiwan, South Korea and Hong Kong high school stude…
Cultural basis
The role of Confucianism has been used to explain the success of the Four Asian Tigers. This conclusion is similar to the Protestant work ethic theory in the West promoted by German sociologist Max Weber in his book The Protestant Ethic and the Spirit of Capitalism. The culture of Confucianism is said to have been compatible with industrialization because it valued stability, hard work, discipline, and loyalty and respect towards authority figures. There is a significant infl…
See also
• Developed country
• Developmental state
• The Pacific Pumas
• Economic miracle (full list of miracles and "tigers")
Further reading
• Ezra F. Vogel, The Four Little Dragons: The Spread of Industrialization in East Asia (Cambridge, Massachusetts: Harvard University Press, 1991).
• Hye-Kyung Lee & Lorraine Lim, Cultural Policies in East Asia: Dynamics between the State, Arts and Creative Industries (Palgrave Macmillan, 2014).
External links
• BBC report on the Asian Tigers in the aftermath of the 1997 Financial Crisis (includes map of the Asian Tigers)
• ASEAN tigers
• The Elephant at the Gate in China Economic Review