Asian Tigers : The Highly Free Developed Essay

Asian Tigers : The Highly Free Developed Essay

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Hong Kong, Singapore, South Korea and Taiwan are known as Asian Tigers. The highly free developed

economics in these four districts gave them this title. “Asian Tigers” had long­time high growth rates,

between 1960s and 1990s, the growth rates even reached 7 percent. At the same time, they began

industrialization in a high speed. Now, these nations and regions are considered as advanced and high-
income economies. Economic growth is used to judge the ability of an economy to produce goods and

service in a period of time and it is measured by the growth rate of real GDP. Technological changes

influence the economic growth a lot. When a new technology is used by the public, there is always a large

economic growth. Therefore, with the globalization, Asian Tigers are important to the economy not only in

Asia but also in the whole world. The recession of the Asian Tigers could cause under sell and put other

workers and factories out of work. Latin America (and China and Eastern Europe) would lose export market

share in the United Stare, the European Union and Japan (Davidson Paul).

“Asian Economic Rankings”, The Economist.

http://www.economist.com/blogs/graphicdetail/2012/04/daily­chart­16 (accessed 03.09.2015)

Though the area of four Asian Tigers (Hong Kong, South Kordeveea, Taiwan and Singapore)is just a

small part of the total Asia, their populations account for a large proportion. Since the beginning of

industrialization, labor force was a necessary factor for developing. In Asian, because of the large

population, the price of the labor force was lower than in the Europe and America. When the

industrialization began, developed countries like America started to look for lower price labor force in order

to save the o...


... middle of paper ...


...d Xiaomi. China decide to rise

technology budget, and in 2015, it will reach 10.1%. It is not difficult to find that China is concentrating

especially on the technology, no matter for the army or the public.

The developing of the economic world does not have rules. Once the surrounding changes, countries

should take actions and publish policies to adopt and solve problems, just like Asian Tigers. If countries do

not take any actions when problem occurs, the end will be unpredictable. Countries could be abandoned.

Globalization makes countries all over the world become a whole part. If any part has any problems, it

would finally affect the whole world. Asian Tigers always take actions before and when the problems

occurs. They could make full use of their superiority, that is the exact reason why the four districts develop

in a high speed in about thirty years.

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