The Asian Tigers - PowerPoint PPT Presentation

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The Asian Tigers

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  1. The Asian Tigers Economic growth in developing Asian countries

  2. Growing Economies in SE Asia • Prior to 1970 Japan was the only economically competitive Asian nation • Starting in the 1980s, four countries in Southeast Asia have experienced a large amount of economic growth • They are known as the “Asian Tigers” • The tigers rapid growth was due to a highly educated & skilled workforce • The tigers have governments that emphasized a strong work ethic The Asian Tigers: (economic growth since 1980) • Singapore +10.4% 2. South Korea + 9.7% 3. Taiwan (Republic of China) + 9.5% 4. Hong Kong (People’s Republic of China since 1997) + 7.3% • US growth since 1980 + 3.4%

  3. The Little Tigers • In the past decade, other developing Asian countries are starting to experience rapid economic growth. • The Little Tigers (since 1990): • Thailand +7.3% 2. Indonesia +5.5% 3. Malaysia +5.2% 4. Philippines +4.8% • Both the tigers and little tigers are moving to a manufacturing/export driven economy and decreasing industries such as textiles & agriculture • These nations are now able to compete in the global economy • However, other developing Asian nations are still economically struggling