The Four Asian Tigers or Asian Dragons are the highly developed economies of Hong Kong, Singapore, South Korea and Taiwan. These regions were the first newly industrialized countries.Click to see full answer. Hereof, is Japan one of the Asian Tigers?The “Four Asian Tigers”, a term used to reference the highly free-market and developed economies of Hong Kong, Singapore, South Korea, and Taiwan, have continued to grow despite Japan’s struggles. Singapore, a significant Asian banking center, passed Japan in GDP per capita (PPP) back in 1979.Subsequently, question is, why were the Asian Tigers so successful? As Hong Kong, Singapore, South Korea, and Taiwan experienced rapid growth, they became world leaders in technology products and benefited from improved infrastructure, education, and standard of living. They are now known as the Asian Tiger countries. Hereof, what are the four tigers and why were they created? The four ‘tiger’ governments took this opportunity to invest heavily in industrialization, building major industrial estates, offering tax incentives to foreign investors, and implementing compulsory education for its young population in order to secure the future of the workforce.Is China a tiger economy?Tiger economy. The term was originally used for the Four Asian Tigers (South Korea, Taiwan, Hong Kong, and Singapore) as tigers are important in Asian symbolism, which also inspired the Tiger Cub Economies (Indonesia, Malaysia, Thailand, Vietnam and the Philippines).
