Tiger Economy

What is a tiger economy and how does it work?

What are the success factors of a tiger economy?

Below we can see the main factors for a country to become an tiger economy:

- Fast economic growth in some Asian countries

- Financial crisis in 1997 till 1998 because of dept - serving expenses and inequitable distribution of wealth

- Most of the wealth remained in the upper class

- Some of them are Indonesia, Taiwan, China, Singapore, Malaysia, Thailand and South - Korea

- Sudden or planned economic growth

- Starting trade in specific goods

- Nowadays, all the tiger economies are located in East-Asia.

- The main reason is the extremely low work wages and many people looking for a job. Due this the factory owners can produce much goods at a very low price.

- Export driven this means that a certain country exports more goods than it imports.

Figure 1 You can see the import and export china does.

How do tiger economies affect other countries ?

- 2005 US, Germany, and Japan

- 2010 Us, China, and Japan

- Negative effect for other countries

- The US 1.8 trillion U.s. dollars

- China 2.0 trillion U.s. dollars

- destroys economy of poorer countries

Tiger economy

How did the development of tiger economies go since the past?

-1960

-Large economic growth

-Often used in politics and economics, and Asian countries

-Outstanding economic growth in Asian countries

-Factors

-Labour force with education

-Attempts to improve

-Causes for success today linked to the past

"The future of asian countries"

Conclusion

How has a tiger economy come to existence?

Why did tiger economies develop in east Asia and what will come in the future?

- Only one producing needed goods

- Very inexpensive production methods

- More countries in Asian will follow

- recovery of economic crisis

- Originated from 1960s

- When economy is growing fast

- foreign investment

- More a term then a name

- Asians country's success on worlds market

- Increase in labour productivity

-Example of Dubai

Bibliography

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