The Four Asian Tigers

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The Four Asian Tigers

• The Emergence of Pacific Rim Economics

Wilmer Baez, James Melton, Luis Bracero
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Who are the Asian Tigers?

• The Four Asian Tigers were four economics
  countries.
• The four countries were South Korea, Taiwan, Hong
  Kong and Singapore.
• They were also known as Asia's Four Little
  Dragons.

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• These countries were known for maintaining high
  growth rates and rapid industrialization between
  the early 1960s and 1990s.
• In the early 21st century, when the four
  countries were at fully developed status, many
  Asian countries were taking notice.

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How did the tigers become economic successes?

• The leaders of the the tigers finally realized
  that the only way to improve their economics,
  they would have to develop strong domestic
  markets and make better goods for export.
• But before they could improve their economics
  they had to free themselves from relying heavily
  on foreign imports.

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

• Banking practices and other problems caused an
  economic crisis that spread beyond Asia.
• In response, the Pacific Rim nations began
  programs to reform and improve their banking and
  other practices.

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South Korea

• The economy of South Korea is developed into one
  of the four largest in Asia and the 12th largest
  in the world.
• In the aftermath of the Korean War, South Korea
  grew from being one of the world's poorest
  countries to one of the richest.
• From the mid to late 20th century, it has
  enjoyed one of the fastest rates of economic
  growth in modern world history.

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Taiwan

• Taiwan (Republic of China) has a dynamic
  capitalist economy.
• Taiwan has transformed itself from an
  underdeveloped, agricultural island to an
  economic power that is a leading producer of
  high-technology goods

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Hong Kong

• The Economy of Hong Kong is said to be the most
  economically free in the world.
• Even though Hong Kong is often cited as the most
  free economy in the world, there are still many
  ways in which the government is involved in the
  economy. Such as Hong Kong Stock Market and
  public works projects and social welfare spending

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Singapore

• The Economy of Singapore is a highly developed
  and successful capitalist mixed economy.
• They have a open business environment relatively
  corruption-free and transparent, stable prices,
  and one of the highest gross domestic products