GDP of Asean vs GDP of Asia Tigers [1980-2026]

GDP of Asean vs GDP of Asia Tigers [1980-2026]
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Data Source: https://www.imf.org/external/datamapp...

Related to Japan:
"The four countries were inspired by Japan's evident success, and they collectively pursued the same goal by investing in the same categories: infrastructure and education. They also benefited from foreign trade advantages that sets them apart from other countries, most significantly economic support from the United States; part of this is manifested in the proliferation of American electronic products in common households of the Four Tigers." - Wikipedia

Japan is the Model for Asia 4 Tigers.
For Video about Japan and East of Asia, the channel will upload soon. Thank you.


Four Asian Tigers, Four Asian Dragons or Four Little Dragons is a term used to refer to the economies of countries: South Korea, Taiwan, Singapore and Hong Kong - the four economies that have experienced the past rapid industrialization while maintaining a particularly high growth rate in the years from the 1960s to the early 21st century.
By the beginning of the 21st century, the economy of these countries have developed, transforming from newly industrialized countries into high-income economies, specializing in knowledge-based economic fields that require a lot of brainpower, great competitive advantage.
Hong Kong and Singapore became the world's leading international trading ports and financial centers, while South Korea and Taiwan led in manufacturing of electronic components and equipment, as well as information technology.
Their success in economic development has become a legacy and a model for many developing countries, especially the Asian New Tiger group located in Southeast Asia to study and apply.
In 1993, a World Bank report entitled The East Asian Miracle noted neoliberal policies along with an economic boom, including maintaining an export-oriented policy, low taxes, and minimum welfare states.
Analyzes of political institutions show that the state intervenes to a considerable extent.
Some analysts argue that industrial policies and government interventions have a much larger influence than reported by the World Bank.

Features of Four Asian Tigers
Also known as the Asian Dragon, the Four Asian Tigers share many characteristics in common, including a strong focus on exports, an educated population, and high saving rates.
The economy of this Quad has proven resilient to regional crises such as the 1997 Asian financial crisis and global shocks such as the 2008 credit crisis.

South Korea
During the 1960s, Korea's gross domestic product per capita was comparable to that of the poorest countries in Asia and Africa.
But in the four decades since, the country has seen significant growth, thanks in part to a tight, credit-oriented and import-restricted government system.
In 2019, South Korea had a total GDP of about 1.7 trillion USD and a GDP per capita of more than 31,900 USD, with a growth rate of 2.2% (IMF)

Taiwan
Despite its controversial relationship with China, Taiwan has thrived over the past four decades.
In 2019, GDP per capita was $25,940.
Due to pressure from China, the country is not part of the United Nations, yet it is still a reliable exporter.
In 2019, Taiwan's GDP was about $612 billion, making the country of 24 million people one of the strongest economies in Asia.

Hong Kong
Hong Kong is considered a Special Administration Region (SAR) in China, allowing it freedom of all activities except defense until 2047, at which point Hong Kong and China will reevaluate their relationship between two countries.
The latest reports show that the region ranks particularly high on the scale of economic freedom, with a GDP of $363 billion in 2019.

Singapore
Despite having only 5.6 million inhabitants, Singapore had a GDP of $374 billion in 2019 and a growth rate of 1.3% (IMF)
Considered one of the least corrupt countries in the world. Singapore has a famously transparent regulatory environment and well-secured property rights, providing valuable commercial security to the private sector.

The new Asian tiger (Chinese: 亚洲小虎: Asian little tiger, English: Tiger Cub Economies) is an economic term, used to refer to the economic expectations of the developing country Indonesia. , Thailand, Malaysia, the Philippines - are newly industrialized countries with large economies and potentials in Southeast Asia.
This concept then added Vietnam, although Vietnam is not a new industrial country yet has a fairly high annual growth rate.

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