Discuss the common characteristics of the countries known as four Asian Tigers. Examine export-driven model of economic development in regard with these countries.
These four countries have experienced very rapid growth and have had many things in common as they have done so:
- All four territories had a strong degree of Chinese influence, with most having a large ethnic Chinese community. Singapore had a population that included 75% ethnic Chinese, Hong Kong had 95% and Taiwan had 98%.
- They were relatively poor during the 1960's and had an abundance of cheap labour.
- They had non-democratic and relatively authoritarian political systems during the early years, so the governments could easily drive through their plans for economic development.
- They focused their development drive on exports to richer industralised nations rather than focusing on import substition, which meant that they built up trade surpluses with the industralised
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