Asian tigers is the name of a group constituted by South Korea, Singapore, Taiwan and Hong Kong, four regions located in Southwest Asia, which in a short period of time conquered a high economic expansion.
Japan was the country that started the cycle of economic growth by betting heavily on the strategy of exporting products to other countries and weak incentive to import. Japanese economic success boosted and served as a model for the growth of the Asian Tiger economies from the 1980s onwards.
The term "tiger" denotes the idea of strength, robustness, domain. These characteristics were attributed to the economies of the “Tigers”, symbolizing the nations that grew with the implementation of an economic model that bets on exports.
This one economic blocks became known for the creation of policies that boosted the industrialization, with a huge increase in productivity. These countries specialize in production and export to other industrialized countries, achieving high economic development.
Other nations emerged with the designation "Tiger":
- New Asian Tigers (or Second Generation Asian Tigers) formed by the Philippines, Indonesia, Malaysia and Thailand and Vietnam;
- Baltic Tigers, three European countries formed by Estonia, Latvia and Lithuania.
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