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4 Cards in this Set
- Front
- Back
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What are the Asian Tigers |
Taiwan, South Korea, Hong Kong and Singapore all followed similar development patterns from 1960 and became fully developed by 2000 |
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What are the common characteristics of the 4 Asian Tigers |
- Abundance of cheap labour - Authoritarian governments in the early years - Strong Chinese influence - Domestic consumption was discourage and high tariffs were placed on all imports - Trade Unions were discouraged - Agriculture was protected - Focused on exports to the West - Education was key to improving productivity |
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Was the development of the Asian Tigers successful |
Yes, between 1970 and 2009, the average increase in GDP per capita in the Asian Tigers was 27,000 US dollars. |
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What were the disadvantages of the Asian Tigers |
- Relied on the economic health of the countries they targeted with exports - As the labour became more expensive, so did their costs - When stock markets crashed in 1990 due to their too fast expansion, there was much social unrest and political instability |
