Four asian tigers

1. Four Asian Tigers(NIEs) Highly developed economies since 1970s

2. Content Introduction Hong Kong Singapore South Korea Taiwan

3. Introduction

4. Introduction Same Culture background(Confucianism) Affected by Western countries Stable political enviroment High growth rates (excess 7 percent per year) Rapid industrialization

5. Hong Kong Rapid industrialization driven by exports Low taxation and free trade S ervice-based economy in the 1980s GDP grew 180 times (1961~1997) largest re-export center

6. Singapore Foreign direct investment and a state-led drive O ne of the least corrupt countries S killed workforce D epends heavily on exports and refining imported goods Tourism(medical tourism)

7. South Korea H eavily dependent on international trade O utward-looking strategy in early 1960s Government initiatives huge national conglomerates

8. Taiwan 19-point program of Economic and Financial Reform Help of USAID L iberalized market controls

9. Conclusion

10. Thank you for your attention!