The Emergence of Pacific Rim Economies:

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The Emergence of Pacific Rim Economies The Asian
Tigers
Corie Thomas Ardijan Novaj Julian Acosta
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Who are the "Asian Tigers"?

• The term Four Asian Tigers or East Asian Tigers
  refers to the economies of Taiwan, Singapore,
  Hong Kong, and South Korea.
• They are also known as Asia's Four Little
  Dragons.
• These countries and territories were noted for
  maintaining high growth rates and rapid
  industrialization between the early 1960s and
  1990s.

A map showing the Four Asian Tigers
    Hong Kong     Taiwan     Singapore
    South Korea
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How did the tigers become economic successes?

• The Four Asian Tigers pursued an export-driven
  model of economic development these countries
  and territories focused on developing goods for
  export to highly-industrialized nations.
• Money was also spent on improving the college and
  university system.

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• The Four Asian Tigers singled out education as a
  means of improving productivity these nations
  focused on improving the education system at all
  levels heavy emphasis was placed on ensuring
  that all children attended elementary education
  and compulsory high school education.

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What led to an economic downturn in mid-1990s?

• In mid-1990s, the rapid economic growth slowed.
• Inefficient banking practices and other
• problems caused an economic crisis that spread
  beyond Asia to Europe, Latin America, and to the
  United States.

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• In response, the Pacific Rim nations began
  programs to reform and improve their banking and
  other economic practices.

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