Hong Kong, Taiwan, Singapore, and South Korean transformed from deprived villages to swift growing countries, and earned the title as the “Asian Tigers.”
The speedy success of Hong Kong, Taiwan, Singapore, and South Korean became popularly known as the Asian Tigers. They were able to transform their poor economy to one of the world’s fastest growing countries. They provided training and education for workers and focus on exports. The Asian Tigers also promoted property rights that were able to preserve the agricultural workers’ interest. These improvements helped Hong Kong and Singapore to become world’s leading international financial centers. South Korea and Taiwan became world leaders in the field of technology. The Asian Tiger’s economic success soon became a model for other countries in Southeast Asia.
Hong Kong was able to recover quickly after years of the Opium War, the Japanese invasion and British control. A large group of refugees from midland China fled to Hong Kong to avoid the communist parties. They thought that Hong Kong was a wealthier land filled with freedom and opportunities. The increase of the population helped the economy in Hong Kong to bloom. During this period many new industries needed cheap labor force and took advantage of the increase in population. As time pass Hong Kong’s industries began to expand and trade increased greatly with help of a free port. It is one of the world’s leading financial centers with foreign banks and a busy stock market.
Taiwan an island that was once ruled by China and Japan made huge improvements in its economy. China ruled Taiwan for centuries until the Japanese took control in 1895. They modernized Taiwan by building industries and improved public education. After Wo...
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...rgest shipbuilder and the fifth largest automobile producer in the world. South Korea has one of the world’s best public transportation systems today.
The Asian tigers maintained a rapid economy and high industrialization. Taiwan's vast amounts of food helped it become a major exporter in the world. Singapore’s and Hong Kong‘s locations are perfect spots for trading centers. Singapore located right beside a major trade route and Hong Kong served as the portal between Chinese and European trade. Out of the four Asian tigers, South Korea made it into the G-20 major economies and was a member of the High-Income OECD. The four major tycoons became advanced high-income economies and made changes in current financial markets. They are still known as the one of the fastest growing developed countries today.
In the middle of the 19th century, despite a few similarities between the initial responses of China and Japan to the West, they later diverged; which ultimately affected and influenced the modernizing development of both countries. At first, both of the Asian nations rejected the ideas which the West had brought upon them, and therefore went through a time period of self-imposed isolation. However, the demands that were soon set by Western imperialism forced them, though in different ways, to reconsider. And, by the end of the 19th century both China and Japan had introduced ‘westernizing’ reforms. China’s aim was to use modern means to retain and preserve their traditional Confucian culture. Whereas Japan, on the other hand, began to successfully mimic Western technology as it pursued modernization, and thus underwent an astounding social upheaval. Hence, by the year 1920, Japan was recognized as one of the world’s superpowers, whereas China was on the edge of anarchy.
Industrial History of Taiwan Taiwan's real economic development began in 1895 when it was captured. by the Japanese people. They introduced a large number of new concepts and began to turn Taiwan into another part of Japan. First of all, they surveyed all the land to find which parts were useful to them and began recording things about Taiwan in the form of surveys and a census. The.
Hong Kong Reading - "The Book of the Year" Through imperialism, British rule encouraged industrialization and modernization which led to visible growth in the economy as the city is described as a trade center and important in manufacturing and banking, which suggests that the industries and businesses prospered. Additionally, the fear of Chinese rule suggests that businesses operated better under British rule, which shows how imperialism improved the lives of the people of Hong Kong compared to the government before imperial rule. The way that citizens of Hong Kong left the colony before it was returned to China further highlights the different effects of British rule and Chinese rule on the people, suggesting that British rule was preferred by the citizens of Hong Kong which is why they left rather than live under Chinese rule. This implies that the colonized people considered Great Britain’s imperialist rule to be better than the government before which was Chinese. This demonstrates that imperialism improved the lives of the colonized people because it helped the economy grow and prosper.
China the land of giant panda has also become the land of numbers and achievments. Official figures shows that China's economy is the fourth largest in the world when measured by nominal GDP and is predicted to surpass Germany to take the third place in early 2008.
Hong Kong has always remained a very unique city, one which is said to have ‘a Western past, an Eastern future’. Since its colonisation by the British in the 1860s, it has maintained to a very large extent its Chinese identity and its connection to its Motherland, while at the same time, has frequent contact with the Western world, politically, economically, and culturally. Hong Kong’s unique position has made the city a vibrant international metropolis that acts as a bridge between East and West. Yet after it was returned to China in 1997, this former British colony has been constantly reassessing its British past, struggling to find its new position and redefining its identity.
South Korea has a strong $1-trillion economy; it is the third largest market in Asia, behind Japan and China. It also has the 13th largest economy in the world. It is expected that the economy’s current upward trajectory will continue for some time to come. This makes South Korea an attractive market for foreign investment, especially as the world economy, as a whole, continues to improve.
The Kingdom of Thailand, formerly known as Siam, has been one of the major countries in Southeast Asia that was influenced by Westerners during and after the imperialism period despite the fact that the country itself has never been under European colonial rule. Western technology and education were integrated into Siam’s business and tecnology, leading to a new era of modernization. Due to the increasing demand for foreign goods and workforce of the royal family, Chinese merchants and labors gathered themselves into Siam to serve the palace as well as to seek better job opportunities. This paper aims to argue that throughout the late 19th century to the 20th century, Chinese people had made a significant impact on Siam industrial economy and its technology adaptation from the Western countries.
From the 1970s, there has been a wave of liberalization in China, which was introduced by Deng Xiaoping. This is one of the key reasons to the rise of China to be one of the economic giants in the world. In the last 25 years of the century, the Chinese economy has had massive economic growth, which has been 9.5 percent on a yearly basis. This has been of great significance of the country since it quadrupled the gross domestic product (GDP) of the country thus leading to saving of 400 million of their citizens from the threats of poverty. In the late 1970s, China was ranked twentieth in terms of trade volumes in the whole world as well as being predicted to be the world’s top nation concerning trading activities (Kaplan, 53). This further predicted the country to record the highest GDP growth in the whole world.
By 1895, Japan controlled the Korean peninsula, and forced China to sign the Treaty of Shimonoseki, which resulted in China ceding Taiwan to Japan and also making China recognise the independence of Korea. However this incurred the interest of European nations who did not approve of Japanese expansion. Japan was forced to return some land to China. The European nations, France, Germany, Russia and Britain then divided up areas of China amongst themselves. This drastic humiliation of China resulted in the current Emperor enacting reforms to aid in modernisation, Western style schools were established, a new system of law introduced and government administration, agriculture, railways and postal services were overhauled.
Singapore acts as a role of an entrepôt for Southeast Asia due to their strategic location, port infrastructure and highly skilled workforce. Singapore also purchases raw materials from other country and then refine the product into a better product to re-export. The reason for Singapore to do this is because of the lack of human and natural resources.
By 1971, the Cultural Revolution in China had ended in failure and conditions in Hong Kong calmed,” Gloria Lannom states, yet it took a while for Hong Kong to rebuild its economic standings because of this fact.
Its phenomenal success is because it developed some suitable public policies, which were the perfect fit for the situation in China. In the last few years, China has had a remarkable economic development and has come to play an increasingly significant role in our world economy.
What it looks like: Siberian tiger is the largest and most rare of all members of the cat family. This cat is 8-10 feet long, excluding their 25-38 inch rattling tail. This species of tiger weighs 400-700 pounds. Like all members of the tiger family, males are significantly larger than females.
The rise in China from a poor, stagnant country to a major economic power within a time span of twenty-eight years is often described by analysts as one of the greatest success stories in these present times. With China receiving an increase in the amount of trade business from many countries around the world, they may soon be a major competitor to surpass the U.S. China became the second largest economy, last year, overtaking Japan which had held that position since 1968 (Gallup). China could become the world’s largest economy in decades.
During the twentieth century, the world began to develop the idea of economic trade. Beginning in the 1960’s, the four Asian Tigers, Hong Kong, Singapore, South Korea and Taiwan, demonstrated that a global economy, which was fueled by an import and export system with other countries, allowed the economy of the home country itself to flourish. Th...