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12 Cards in this Set
- Front
- Back
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What/Who? |
Taiwan, South Korea, Hong Kong and Singapore. High Chinese Influence. Much exports and rapid industrialisation enabled these economies to work with the richest nations. Hong Kong and Singapore are among the biggest the biggest financial districts in the world. Taiwan and South vital hubs for the manufacturing of in automobile and electric components and respectively tech. |
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What were the contributing factors ? |
export drive system: Europe and North America The Aid, loans, investment and tech poured to south east Asia= manufacturing industries. High rates of population growth and inward migration= stronger labour force |
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What were the contributing factors ? (2)
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authoritarian system meant governments could drive their development plans forward. exports for richer countries meant that build a trade surplus. High tariffs on imports meant high savings were encouraged, allowing investment in selected most profited areas. |
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What were the contributing factors ? (3)
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Trade Unions were discouraged allowing workers to be pushed further however, managers were encouraged to to provide job security and other benefits in a paternalistic type of industrial organisation. Agriculture was also protected by tariffs on non-essential imports as well as land reforms meaning small-medium sized farmers had security, furthermore encouraging them to invest to their land. |
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What were the contributing factors ? (4)
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TNC'S= they liked the reasonable well developed level of city infrastructure. well educated population with skills; all children went to secondary, then investment in university systems and getting their students to foreign university. Their geographical location made it exclusively r transport of goods, especially Singapore centered between the Indian and Pacific Ocean, Governmental support from lower taxation and low bank interest rates. |
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South Korea |
60's had a GDP comparable with the poorest of Africa and Asia. 2015 they had gdp per capita of over $35,000 with a 3.3% growth rate. they had a plentiful cheap and flexible workforce. attracted tnc's Sony from Japan and FDI from the us. high import taxes which ensured sufficient market for goods and stimulated further production. Now they have thier own leading techs: Samsung, Hyundai and Daewoo. |
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Taiwan |
per capita income of over $45,000. GDP of $1.1 trillion ppp. one of the strongest asian economies. in the 1960's toy company Mattel (Barbie). many of Taiwanese companies make most the worlds laptops, personal organisers and mp3's. |
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Hong Kong |
special administrative region of China. as of 2015 it had a gdp per capita of over $36,00. in the 1960's the construction business was revamped and it also used textiles industry. It has the most attractive business environment within Easter Asia for FDI's. with the govt using profits to improve schools, infrastructure and hospitals. GDP grew 180x between 1961 and 1997. Now has one the worlds largest ports |
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Singapore |
only 5.5m citizens but gdp of $452.7 billion and $82,762 per capita. has one the least corrupt govts. They were v poor after independence from Malaysia with a gdp per capita of $516 with half the population illiterate. FDI increased rapidly and by 2001 fdi= 75% manufactured output and 85% manufactured outputs. deep water harbour= good for trade routes with Europe, west coast USA and Australia. |
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Dangers of Asian Tigers |
South Korea= economy grew by an average of 9% a year, with companies Daewoo cars, LG and Samsung, exports of manufactured goods. their success was based on huge financial loans from the USA. However this reliance resulted in the $80 billion debt from Daewoo. This caused a ripple effect across the area to create the SOUTH-EAST ASIAN FINANCIAL CRISIS. |
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Dangers of Asian Tigers (2)
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model relied on cheap labour- unethical. Taiwan was the home to Mattel but as salaries rose in the 80's the TNC moved to China for cheaper Labour and lower costs. this could lead to undercutting of the original tigers. India, Indonesia and Thailand expanded in their textiles taking away from the tigers. |
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Dangers of Asian Tigers (3)
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they rely too heavy on other nations economies. |
