Four Asian Tigers
|Four Asian Tigers|
|A map showing the Four Asian Tigers
Hong Kong Singapore
|Literal meaning||Asia's Four Little Dragons|
|Hangul||아시아의 네 마리 용|
|Literal meaning||Asia's four dragons|
The Four Asian Tigers or Asian Dragons are the highly developed economies of Hong Kong, Singapore, South Korea and Taiwan. These regions were the first newly industrialized countries. They are known because they had very high growth rates (they became rich very fast) and fast industrialization between the early 1960s and 1990s. Now people say that all four countries are rich countries.
All four Asian Tigers have a lot of people who are very educated and good at their jobs. They also did different things, and tried to do them better than other countries. For example, Hong Kong and Singapore became very good at international finance, while South Korea and Taiwan became very good at information technology.
The economic success stories of Korea and Taiwan became known as the Miracle on the Han River and the Taiwan Miracle. This helped many developing countries think maybe they could become rich too, especially the Tiger Cub economies.
The four tigers grew richer very quickly. Some of this was because these countries let companies compete more, and some of this was because they started to sell more to other countries. The United States helped during the Cold War, because they didn't want these countries to become communist countries.
All the Asian Tigers tried to export (sell) things to rich industrialized nations. They grew rich very quickly (they had double-digit economic growth) for decades. Each nation was not a democracy, and people were not very free in the early years. All of these countries later became freer, and people now think Taiwan and Korea are liberal democracies 
References[change | change source]
- "Can Africa really learn from Korea?". afrol News. 24 November 2008. http://www.afrol.com/articles/22953. Retrieved 2009-02-16.
- "Korea role model for Latin America: envoy". Korean Culture and Information Service. 1 March 2008. Archived from the original on 22 April 2009. http://web.archive.org/web/20090422054358/http://www.korea.net/news/news/newsView.asp?serial_no=20080301004&part=103. Retrieved 2009-02-16.
- 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 (Elsevier B.V. (subscription required)). http://www.sciencedirect.com/science?_ob=ArticleURL&_udi=B6V69-4TR37CX-3&_user=10&_rdoc=1&_fmt=&_orig=search&_sort=d&view=c&_acct=C000050221&_version=1&_urlVersion=0&_userid=10&md5=5614827be8562007c3b0d6865ef92d15. Retrieved 2009-02-16.
- "East Asian Tigers- Definition". WordIQ.com. 1 February 2010. http://www.wordiq.com/definition/East_Asian_Tigers. Retrieved 2011-03-01.
- Dowd, Ann Reilly, “When Tigers Get the Flu”, “Kiplinger’s Personal Finance Magazine”, 52.5, 1998: 84
Things you can read[change | change source]
- Ezra F. Vogel, The Four Little Dragons: The Spread of Industrialization in East Asia (Cambridge, MA: Harvard University Press, 1991).
Other websites[change | change source]
- 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