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Transcript of ASIAN TIGERS!
A Global History. 2nd ed. Boston: Houghton Mifflin Company, 2001. 861-62. Print. Taiwan Taiwan suffered several political reverses *loss of its United Nations seat to the People's Republic of China (1971) *withdrawal of diplomatic recognition by the United States Unlike South Korea, *smaller
*development led by more specialized companies Taiwan was also able to gain a foothold in the economy of the People's Republic of China while maintaining its traditional markets in the US and South Asia 1955-1990
per capita GDP increased from 10% of the US levels to 50% Taiwan achieved remarkable economic progress. Hong Kong and
Singapore The Japanese model of economy was a close cooperation between government and industry. both small societies with extremely limited resources enjoyed rapid economic development & Singapore Hong Kong Initial economic takeoff based on
commercial services society of 3 million Diversified by
electronic industries growth rate in GDP was 2x that of Japan's (1970-1980) Economic Properity tied to
development of banking and commercial services Developed a highly competetive industrial sector
consumer electronics production In 1997 local capitalists moved significant amounts of capital to the US, Canada, and elsewhere, slowing economic growth in Hong Kong. South Korea The Asian Tigers TODAY The Asian Tigers Group is Asia’s finest and most outstanding Move Management specialist organization. continuing the legacy now including the countries of: Camobida
Vietnam http://www.asiantigers-china.com/ http://www.imf.org/external/pubs/ft/issues1/index.htm SOURCES The Four Tigers a powerful , intimidating economic performance. Economic development:
inexpensive labor + strong technical education + substantial domestic capital reserves this allowed South Korea to overcome the deveastaion of the Korean War Developed heavy inudstries such as,
conusmer electrics South Korea's devlopment was accelerated by Japanese investment and techonology transfers. Nearly 50% of their GDP was granted by the 4 giant corporations that led the economy, one of them being Hyundai, who manufactured products from supertankers and cars to electronics and housing. All 4 of these
shared many characteristics that allowed for rapid industrialization. newly industrialized economies (NIEs) disiplined and hard working labor forces
high rates of personal saving
emphasized outward-looking export strategies
benefited from government sponsorship and protection Their technologies began to be disseminated more rapidly than at any time in the past. This caused newly industrializing nations to begin with current techonologies. POWER