StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Asian Tigers: South Korea, Taiwan, Hong Kong and Singapore - Case Study Example

Comments (0) Cite this document
Summary
The paper "Asian Tigers: South Korea, Taiwan, Hong Kong, and Singapore" outlines that 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 workforces.   …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER94.5% of users find it useful
Asian Tigers: South Korea, Taiwan, Hong Kong and Singapore
Read TextPreview

Extract of sample "Asian Tigers: South Korea, Taiwan, Hong Kong and Singapore"

Download file to see previous pages The growth of the ' Asian Tigers' in the 1960s 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 workforces. 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 area in the world. They have been termed as the models for achievement for other rising economies. There have been several factors that 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 onlooking 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, the 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.  ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“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)
https://studentshare.org/macro-microeconomics/1425951-asian-tigers.
“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

CHECK THESE SAMPLES OF Asian Tigers: South Korea, Taiwan, Hong Kong and Singapore

An Asian Miracle - Myth or Reality

To this was added the ‘entered’ Philippines (Billington, 1997). Japan experienced year after year of economic growth for 30 years while the other countries could sustain it only up to the mid-1990s.
Each of these countries had adopted strategic macroeconomic management disciplines. Rather than allow their country to be ‘colonized’, by foreign capital, they preferred to take their own initiative. The state played a key role in each case by way of mobilizing resources, supporting technology transfer, and inviting Foreign Direct Investment from developed countries. South Korea, Taiwan, Thailand, Indonesia, and Malaysia also received support from International economic agencies like the IMF, World Bank, AD...
6 Pages(1500 words)Assignment

Competitive Advantage in Hong Kong Hotel Industries

This paper will focus on the importance of adopting the environment-friendly practices of the company to ensure the economic performance of the Hotel industries in Hong Kong. This will also tackle practices made by different countries with regards to managing hotel industries and how these industries deal with the environment and nature- their waste management scheme, energy conservation, Human Resource Conservation, Pro-nature scheme, and the likes. This study would not be possible without pieces of literature, which pertains to Hotel management and Pro-Nature magazine. The use of these literatures will help us solve the puzzle on How Hong Kong Hotel Industries can adapt to environment-friendly schemes and at the same time, helps...
8 Pages(2000 words)Assignment

Economic Sanctions on North Korea

As one goes on with the research work, one can be acquainted with the role of various other independent states towards development of North Korea’s nuclear program and how the international community has reacted to the nuclear ambitions of the DPRK with levying of sanctions & embargos.

I have tried to make sure that each and every point is elaborated to the reader of this research paper in a manner that the reader can link one incidence with another and every aspect discussed in this assignment can be well understood keeping in mind the historical events narrated with reference to recognized sources.

The research work starts with the introduction of North Korea and its location. The Korean war has b...
12 Pages(3000 words)Case Study

Why Did North Korea Acquire Nuclear Weapons

Is there verifiable evidence of nuclear bombs, the one that could be carried by missiles and be fired to as far as the United States, if indeed there is an admission or confession? 
From the start, a state that would become a nuclear-armed state would begin with a nuclear-energy program. Then on and on, after acquiring the capability and material to produce energy, that state would proceed, secretly or clandestinely, to produce other materials to produce nuclear weapons. A question maybe asked here: is there a precise reason why states want to acquire nuclear weapons? Or is it the ambition of non-nuclear power states to acquire nuclear weapons or become nuclear-powered states?
Erich Marquardt (2003) in his Asia Time...
17 Pages(4250 words)Assignment

Change Management of Singapore Shippping Corporation

Singapore Shipping Corporation (SSC) is a medium-size ship owner with 3 car carriers with a total capacity to carry 13,929 units of cars. Although it has been in business for over 40 years, yet it has not been able to expand appreciably in the ship owning and operation activities. Playing safe it has always offered its tonnage on time charter without taking any risks. It has confined itself to owning and operating car carriers that have a limited market. It now aims to expand its business to enable it to weather recessions and be more competitive in the market with diversified capabilities.

It has been proposed to the management that the company should now move into the more lucrative break-bulk and container cargoes. F...
13 Pages(3250 words)Case Study

Globalization and Its Health Impact in South Korea

It depended on the size of the country, the international specialization of the economy, the availability and distribution of assets, its human capital and infrastructure and the quality of a nation’s domestic policies (Cornia, 2001). According to Kwon (2002), Korea has neglected health and social development contrary to industrialized and mature welfare states. 

Globalization is a product of the interaction of technology, culture, and economics, which leads to compression of time, space and cognition (Labonte & Schrecker, 2006). It is the philosophy of One World where geographical boundaries become a blur. Korea was among the ten countries that responded to the economic crisis that led them to rely on lo...
6 Pages(1500 words)Term Paper

The American Nation: A Melting Pot of Asian Americans

As a result, American society is experiencing dramatic transformations (Skop & Li, 2005).
The Asian community in the United States is a cultural group that has assumed form since the passing of the 1965 immigration legislation. Even though Asians have been arriving in the United States since the middle of the 1980s, only in the previous four decades have the waves been remarkable. At some stage in that period, the U.S. Asian population has increased dramatically, and Asians one of today’s fastest-growing ethnic and racial minorities in the nation (ibid).
Asian immigration to and settlement in the United States is somewhat well recognized. Generally, Asian immigrants are geographically concentrated, with the imm...
7 Pages(1750 words)Assignment

North and South by Elizabeth Gaskell

The TV serial was tagged as a popular romantic drama that had thrown some important insight into the historical aspect of the industrial revolution of the 19th century in England.

History has long since been regarded as a very important document of a country’s inheritance of its cultural values, people and its socio-political and economical evolution. The literature has been considered widely popular with the experts but other forms of media are equally important that are capable of divulging all the relevant information of the time and place. The movies and television are vital instruments that are used to disseminate information regarding the people and place, constituting the cause and consequences that helped...
6 Pages(1500 words)Book Report/Review

Organisations in the Engineering and Technology Environment: Singapore Airlines

In those days, just three flights per week, to Kuala Lumpur, Ipoh, and Penang, were all that the people in Singapore were privileged to. There were very fast developments in the situation in a span of two decades. During this period, Singapore’s Kallang Airport gained international exposure and started making huge additions to its fleet. Soon after the birth of the Federation of Malaysia on February 1963, the Malayan Airlines came to be known as the Malaysian Airlines, and in 1966, it was renamed the Malaysian-Singapore Airlines. But, in 1972, fifteen years from the day it was founded, Singapore Airlines split up with Malaysian Airlines and acquired a separate identity.
This split, however, helped the airlines to take i...
10 Pages(2500 words)Case Study

Effects of the United States of America Troops in South Korea

Despite the few negative incidences of crime committed by the United States of America’s security troops that were deployed in the country on a peacekeeping mission.
Since the war in Korea began in the early nineteen fifties, the United States has stationed tens of thousands of soldiers, mostly the United States’ army personnel, in South Korea. Through the assistance of the South Korean troops and other neighboring governments, the American troops have been able to guard and offer maximum security to South Korean people. In line with the argument of James (2003), ‘most of the military bases in South Korea are relatively isolated’ thus the need for much attention from the troops so as to ensure maximum...
10 Pages(2500 words)Assignment
sponsored ads
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.

Let us find you another Case Study on topic Asian Tigers: South Korea, Taiwan, Hong Kong and Singapore for FREE!

Contact Us