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WEEK 2
TOPIC: ECONOMIC LESSONS FROM ASIAN TIGERS, JAPAN, EUROPE AND AMERICA
CONTENT:
Sup-Topic 1: Economic Lesson from Asia Tigers
Economic History of the Asian Tigers
The four Asian Tigers – Hong Kong, Singapore, South Korea and Taiwan consistently maintained high levels of economic growth since the 1960s, fueled by exports and rapid industrialization, which enabled these economies to join the ranks of the world’s richest nations.
Hong Kong and Singapore are among the biggest financial centers worldwide, while South Korea and Taiwan are important hubs of global manufacturing in automobile/electronic components and information technology, respectively.
Common characteristics of the four Asian tigers include:
FACTORS THAT ACCOUNT FOR THE RAPID DEVELOPMENT OF TIGER ECONOMIES
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