The tigers or "four Asian dragons" were those economies that were growing rapidly in the 80s and 90s: South Korea, Taiwan, Singapore, Hong Kong. Japan was already fully industrialized and slowing in both population and economic growth, and the People's Republic of China (PRC) was just beginning to emerge from the economic forms of Communism.
Curiously, two of the tigers were city states: Singapore and Hong Kong. Until 1997, Hong Kong was a British Colony. Since that time, although officially part of the PRC, it is a Special Administrative Region. Its laws are almost completely different from those in the rest of the PRC in order to facilitate trade. The PRC did not want to "kill the goose that laid the golden egg". Other Chinese citizens are kept out of Hong Kong with more fervour than the US uses to keep out illegal immigrants from whole other countries.
The other two were small states that landed on the non-Communist side of a Cold War Divide: the Republic of Korea, and the Republic of China (RoC). Since the Communist Revolution in China, the RoC has essentially only controlled Taiwan and a couple of much smaller islands.
From the 1970s to the 1990s, Taiwan had seen official per capita income leap from about USD 2000 a year to USD 15000. And there was a lot of unofficial money moving around as well. Land prices were appreciating about 12% a year in a real estate slump in the 1990s, and many Taiwanese were investing their new wealth in factories on the Chinese mainland.
Now we're seeing similar levels of industrialization, urbanization, improvements in educational levels, and economic growth in China, India, and Southeast Asia. There are new tigers in the jungle!
2006-06-24 00:10:22
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answer #1
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answered by Beckee 7
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The most aggressive economies in the pacific rim. Formally, that whould be Hong Kong, South Korea, Taiwan, and Singapore. But since Hong Kong has recently been absorbed into China, the economic tigers whould now refer to the later three powers.
2006-06-23 20:34:37
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answer #2
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answered by supercyberfest 2
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Even though all you hear about these days is China, America has the largest economy by far, 12 Trillion dollars a year in GDP. We are one-third of the world's economy by ourselves. China's economy is growing, but it stands at about 3 Trillion a year. Japan and Germany are second and third, but even those two economies combined don't come close to the US.
2006-06-23 08:05:00
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answer #3
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answered by Anonymous
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Indians
2006-06-23 08:00:51
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answer #4
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answered by Arnav 3
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dont be silly, arnav..haha...ok,sosick 4748 , the economic tigers are basically most of the east asian countries, south east asian countries, india and some few eastern european and latin american countries
2006-06-23 08:17:35
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answer #5
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answered by mikepike86 1
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south korea taiwan singapore and hong kong
2006-06-23 09:09:17
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answer #6
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answered by ray w 1
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