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The Asian Tigers Economic growth in developing Asian countries.

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Presentation on theme: "The Asian Tigers Economic growth in developing Asian countries."— Presentation transcript:

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) 1. 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): 1. 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 However, other developing Asian nations are still economically struggling These nations are now able to compete in the global economy


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