We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Asian Tigers - Essay Example

Comments (0) Cite this document
Name: Instructor: Course Date: Asian Tigers Introduction The term Asian Tigers is used to refer to four Asian nations namely South Korea, Taiwan, Hong Kong and Singapore. The four are normally referred to as the Asian Dragons or the Four Asian Tigers due to their exceedingly developed economies…
Download full paper
Asian Tigers Essay
Read TextPreview

Extract of sample
Asian Tigers

Download file to see previous pages... The growth of the ' Asian Tigers' in the 1960's In the 1960s, the Asian tigers were very poor thus labor was cheap, and in abundance. They then made educational reforms and coupled this with the cheap labor to establish productive work forces. In order to improve productivity, they focused on improving education at all levels with more emphasis on elementary education and compulsory high school education. College and university system was also improved by setting aside some money for the same. For economic development, they pursued an export driven model whereby they focused on the manufacture of goods for export to nations that are highly industrialized. They discouraged domestic consumption through government policies such as high tariffs. The economic growth of the Asian Tigers has been termed as the East Asian Miracle because of the supernatural increase of four economics. East Asia which comprises Korea, Taiwan, Singapore and Hong Kong has been the fastest growing are in the world. They have been termed as the models for achievement for other rising economies. There have been several factors which led to the success of the East Asian countries. These include the macroeconomic discipline, their outward orientation, high investment and saving rates and public policies which were good. Although these may vary from region to region, the experience of east Asia, supported by recent research on growth, has convinced many observers that an on looking development strategy, particularly a dynamic export sector, is a conducive growth. The other factor that boosts their trade was greater openness which is conducive to growth and thus they embrace the policies that promote openness. They also used non-tariff and high tariff barriers to promote industrialization. Between 1965 and 1993, real gap in the East Asian economies grew at an annual average rate of nearly 9 percent more than twice as first as their Latin American counterparts. They all had common characteristics which include focusing on exporting to rich and industriali0sed nations. They also maintained a double increment for years. They were each non democratic and relative to authoritative systems for years. They had high tariff on imports and less valued currencies, and each held bond bonding of U.S. at a high level. Their savings rate was high. Current Growth The Asian Tigers are no longer growing so rapidly now. This is due to the Asian financial crisis that burst in 1997. Economies of unrestricted flow was opened which led to the erosion of their financial successes. This led to a volatile foreign investment which was dangerous. Many of the Asian Tigers were caught up in the currency depreciation game due to their focus on growth of exports. The policy decisions are being undertaken/can be taken to bring the economics out of the doldrums In order to bring the economics out of the doldrums, a model that has to guide towards a more stable, balanced, sustainable and coordinated growth has to be assumed. One major policy is that the government should chip in by introducing subsidies and large investments in the export sector though this is majorly based on the exports and not on local domestic demand. In order to touch on the domestic demand, a policy that has to be instituted is one that establishes a social security system which is a sufficient safety net so as to reduce household expenditures in order to save for their benefits on retirement. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Asian Tigers Essay Example | Topics and Well Written Essays - 1250 words”, n.d.)
Retrieved from https://studentshare.org/macro-microeconomics/1425951-asian-tigers
(Asian Tigers Essay Example | Topics and Well Written Essays - 1250 Words)
“Asian Tigers Essay Example | Topics and Well Written Essays - 1250 Words”, n.d. https://studentshare.org/macro-microeconomics/1425951-asian-tigers.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
The case studies (Nicaragua, Mauritius, Asian Tigers AND Soviet Union)
For instance, capitalistic societies, termed growth projects by Christian, are, basically, built on the “haves” and “have nots,” at least according to Karl Marx, who understood that, in a capitalistic society, the wealth was controlled by a small number of people, and that the vast majority of people in these capitalistic societies have no wealth at all.
10 Pages(2500 words)Essay
Asian American studies essay
He compares Asian American history to the histories of other people of color and to women, which require a different and untraditional kind of recounting. The examples in Okihiro’s book Margins and Mainstreams, especially of the chapter “Family Album History” (pp.
3 Pages(750 words)Essay
Asian American studies essay
Carlos Bulosan’s America is in the Heart and Milton Murayama’s All am Asking for is My Body present clear and harrowing experiences and the conditions that these groups faced in the pursuit of the American dream. They address the foundation of most of the minority labor relation and rights that minority Americans have fought for over the years The migration of Asian to America was mostly a result of colonialism in their continent and the response to the shortage of labor in the United States, especially the West.
3 Pages(750 words)Essay
Modern and Contemporary Asian Art:Argument essay
The recognition of Asian artists internationally has also led to the growth of the Asian art industry. The sudden rise in fame of the Asian art industry has posed several questions. Many still wonder for how long the industry has been there. There is, however, no single history of the Asian modern art.
8 Pages(2000 words)Essay
Essential factors for personal development and success in the United States of America
Many people lacking such attributes are likely to have more setbacks in life at least according to the feelings of Yang as expressed in his article ‘Paper Tigers’ in which he describes the stereotypes that serve to pull down Asian Americans who are struggling to achieve their dreams in the American setting.
3 Pages(750 words)Essay
The Asian 'miracle': the rise of Japan and the 'tigers', presentation papers
The period of emergence of these economies was in between early 1960’s and 1990’s. 1. The Role of the State: Politically speaking, many of the Asian tiger economies have a recent history of
2 Pages(500 words)Essay
Green is a natural color to use in this image because it is the color of the environment the tiger usually lives in. It is commonly considered to be a soothing color because it is a cool color. Green is also often associated with the ideas of healing. Because this is an obvious digital collage, the particular shade of green used in this image
3 Pages(500 words)Essay
Asian Literature comparative essay
Cranes is s short story by Hwang Sun-Won, a Korea based author who was prominent all over the Asian continent. The short story is about the war times in Korea. It mainly focuses on character development, and how someone can change overtime. One
3 Pages(750 words)Essay
Paper tigers
These stereotypes have a significant impact on how people interact with others in the society and the roles they play in this society. Stereotypes deny individuals access to opportunities in the society, especially in the cooperate world. For example, an individual
3 Pages(750 words)Essay
Let us find you another Essay on topic Asian Tigers Essay for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us