Four Asian Tigers Case Study

Good Essays
The four Asian Tigers: Hong Kong, South Korea, Singapore, and Taiwan have swiftly expanded through economics, industrialization, technology, and education. These countries were the first to transform from a developing nation into a newly industrialized nation (Cateora, 327). These regions, also known as the “East Asian miracles”, highly influenced the creation of China’s economy and trade relations. The four Asian Tigers’ economic boost and trade alliances, motivated the U.S. Trade Representative to develop a free trade agreement. Singapore and South Korea were the first to consent to the U.S. Trade Representative's offer and become apart of the free trade agreement (Cateora, 328). In turn, this arrangement has expanded not only China’s growth but has helped to develop surrounding nations as well.
How did the four Asian Tigers rise out of a developing state? In general, each of the nation's government concentrated on economic expansion and knew a motivated and educated society played an important role in their development (Cateora, 329). Considering China is broken up into regions and each requires its own expansion and strategy, respectively, the regions had their own methods of development (Cateora, 319).
…show more content…
Perhaps, having full autonomy from the People’s Republic of China, allowed Hong Kong to adapt their ruling according to their “social and economic systems, lifestyle, and rights and freedom”. This helped to create a more synonymous region. Hong Kong quickly raised from their financial crisis in 1997 by investing in “factories and infrastructure” (Cateora, 322). In addition, according to “Development and Globalization” Hong Kong grew their economy through their textile industry. Then, they used this revenue to improve infrastructure, education, and healthcare (Development and

Related Documents

  • Decent Essays

    China Economy Of War

    • 1478 Words
    • 6 Pages

    By being one of the Most Favored Nation states in the World Trade Organization, China was able to facilitate a massive growth in their economy by increasing imports and national influence in existing institutions. In addition, China became a veto country in the UN, which made China a mover and shaker in the international sphere. This supports the idea of Neoliberalism which claims that international cooperation can be achieved in the world system through institutions as they give smaller states the opportunity to rise and to get their voices heard. The UN can help solve conflicts such as the rising security dilemma between the US and China, which means that there is the opportunity for China to have a peaceful rise. An example of this idea is in the article “China and the Evolving World Order” by Suisheng Zhao.…

    • 1478 Words
    • 6 Pages
    Decent Essays
  • Decent Essays

    Startup Case Study

    • 702 Words
    • 3 Pages

    In 1997, government officials turned their attention to promoting large, mostly state-owned firms. The slogan “Grasp the big and let the small go” helped Chinese firms enter the global stage with a bang. But more recently, the economic challenges have made the government consider its strategy…

    • 702 Words
    • 3 Pages
    Decent Essays
  • Decent Essays

    Differ with alliances, coalition requires the cooperation between states in the economic activity and foster with the international economic organisation including the WFO for the mutual material gains (Narlikar, 2012). Chinese foreign policy has seen many example of coalitions with its member states and this even includes China as the aid donors for the global South to increase its national influence among many south Asian states. So why China is willing to make coalition and share its economic gains with its weaker member states when is has become the most leading economic state? In the region of East Asia or South-east Asia, China has make stable alliance and closely coalition with South Korea or member states with ASEAN and this relationship shows coalitions and alliances both can be considered as the source of…

    • 719 Words
    • 3 Pages
    Decent Essays
  • Decent Essays

    In this way, China and the West are caught in “globalization’s golden straightjacket,” a co-dependency that relies on peaceful and extensive trade relations (Bisley, 2011, p. 104). Put another way, we could say that China is effectively joining the global hegemony in a position commiserate with the size and strength of its economy. China will certainly alter the international economic and political relations of the global world order, but it has every interest in maintaining a global economy that is essentially alike the one that has propelled its growth in the first…

    • 1035 Words
    • 4 Pages
    Decent Essays
  • Decent Essays

    The Electric Company Case

    • 1294 Words
    • 6 Pages

    After him, Premier Zhu Rongji was responsible for introducing China into the World Trade Center. Following Rongji, President Jiang Zemin, helped expand China’s economy and made its presence known throughout the world because of his policies that encouraged entrepreneurship and promoted businesses. And the current president of China, Xi Jinping, has made an effort to decrease the prevalence of corruption in the government and in the military as well as start a program to develop rural areas to eliminate existing development gaps, attempting to promote social equality. All of these leaders combined eventually led to an abundance of innovation and made China into a country that thrived on globalization, attracted foreign investors, and had a stable monetary and fiscal policy…

    • 1294 Words
    • 6 Pages
    Decent Essays
  • Decent Essays

    The growth of the Chinese economy was affected by the western world and its influences and not by China 's own growth ambitions, because the British needed to boost their own economy with expansion. The British Empire was always seeking to grow and acquire new territory and expand their trade routes encountered a flourishing Chinese Empire that had many goods for trade. The British demand for these goods outgrew their own financial resources of the empire, allowing for an eventual take over by the British of the Chinese economy. This would eventually lead to a British footprint that would last for many years within China and still have an effect in today’s world. This led many Chinese individuals to realize that their own country could not…

    • 1120 Words
    • 5 Pages
    Decent Essays
  • Decent Essays

    Understanding the uncontrollable elements gives Coca – Cola an overview of the market to adjust the method of investment, which contributed to a rapid growth in market share and a high degree of market penetration in an emerging market as China. In conclusion, the successful of the Coca – Cola company in China market is constituted of some secrets as follows:  Firstly, Coca – Cola gained benefits from its reputation brand. They built a strong trademark in some countries before entering the Chinese market.  Secondly, by having Joint Venture with Chinese partners, Coca – Cola created an efficiency and effectively distribution network, associated with franchise stores from foreign partners to boost product’s…

    • 1178 Words
    • 5 Pages
    Decent Essays
  • Decent Essays

    China is renowned for its exceptional growth, attributed to Deng Xiao Ping’s implementation of radical economic reforms to create a movement from a domestic focus to trade oriented efforts. The success of globalization is evident as China has retained high rates of economic growth. However, the consequence of integrating its economy so well into the global market comes in the form of ‘financial contagion’ where financial crises can be spread quickly from one economy or region to another. This concept is demonstrated in Figure 1, where the GFC in 2008-09 resulted in a dramatic…

    • 1020 Words
    • 4 Pages
    Decent Essays
  • Decent Essays

    Democracy In China

    • 1060 Words
    • 4 Pages

    The market was seen as regulating economic activity. The economic improvements and relaxation of economic restrains created expectations among the citizens. Reforms created an environment of resentment towards the profiteering and corruption among the elites. All such aspects were pivotal to the success of the movement due to China’s connection with the…

    • 1060 Words
    • 4 Pages
    Decent Essays
  • Decent Essays

    China Pros And Cons

    • 1011 Words
    • 5 Pages

    Unification of both of these nations would be beneficial as they could become an economic powerhouse. As it stands today, China is blocking Taiwan’s diplomatic relationship with other countries, but with a peaceful unification, both countries could have diplomatic relations with countries all over the world (Chen Kongli, fas.org). Additionally, a united China will show fellow countries that China is, indeed, “one” and this unified nation would be an exceptional power in the world; therefore earning increased international status (Chen Kongli, fas.org). In essence, Taiwan has the opportunity to become the new Hong Kong, and mimic the global and economic success of this region. Hong Kong and China are unified, yet Hong Kong has a high degree of autonomy (Chen Kongli, fas.org).…

    • 1011 Words
    • 5 Pages
    Decent Essays