StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Asian Economic Tigers - Essay Example

Cite this document
Summary
It is evidently clear from the discussion "Asian Economic Tigers" that after Second World War, Singapore, Hong Kong, Taiwan, Thailand, Japan, and Korea experienced unprecedented economic growth and gained significant influence in the post-war global economy…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER93% of users find it useful
Asian Economic Tigers
Read Text Preview

Extract of sample "Asian Economic Tigers"

Singapore is one of the leading economies in the world and is one of the economic tigers experiencing rapid economic progress over the period of time. Though smaller in geographical size, Singapore is considered one of the leading economic hubs in the international economy. One of the essential characteristics of the growth rates achieved by Singapore was its highly skilled and educated labor force.  (Tulshyan, 2010). It is also important to note that Singapore, as against other countries in the block, developed itself also as a financial hub of the region rather than achieving growth mainly through industrialization. The overall economic growth is attributed to export-led growth which is mostly controlled through state-owned institutions. (Medina, 1996). The export of chemicals, refined oil as well as electronics is the main source of revenue for the country. Though geographically Singapore may be at disadvantage owing to its overall size and proximity with other countries, however, Singapore has been able to achieve economic growth through a mixture of economic liberalization and state-controlled institutions that are supporting the economy and creating the required level of economic prosperity.

To make a comparison between the European industrial revolution and India, it is important to note that Singapore matches closely with that of the industrial revolution which took place in Europe. This is owing to the fact that besides developing an open business environment free from government corruption, Singapore has developed its industrial base duly supported by a sound financial system. (Blij, Muller, & WinklerPrins, 2009).  It is also because of this reason that Singapore is considered one of the financial centers in the world. The overall revolution which is taking place in India is also backed up by the educated and skilled labor force which is propelling its economy however; India has still lot to achieve and may not achieve the same level of economic prosperity owing to its high population.

Economic tigers should neither be tamed nor feared because of their overall record in terms of their geopolitical situation. Despite achieving economic progress, these economies are still smaller in size and are heavily dependent on US and EU regions for their own economic progress. Further, they have remained benign in their overall economic progress and have not created any significant political and economic challenges for any other country. The rise of China in their neighborhood is a very good example in this regard where China has achieved higher economic growth without affecting or taming the economic tigers.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Economic Tiger Essay Example | Topics and Well Written Essays - 500 words”, n.d.)
Retrieved from https://studentshare.org/other/1416109-economic-tiger
(Economic Tiger Essay Example | Topics and Well Written Essays - 500 Words)
https://studentshare.org/other/1416109-economic-tiger.
“Economic Tiger Essay Example | Topics and Well Written Essays - 500 Words”, n.d. https://studentshare.org/other/1416109-economic-tiger.
  • Cited: 0 times

CHECK THESE SAMPLES OF Asian Economic Tigers

The Foundational Pillar of Adam Smith

Suffice to cite the South East Asian Economic Tigers as another case in point.... In the paper 'The Foundational Pillar of Adam Smith' the author discusses the legendary Adam Smith who is widely credited for being the foundational pillar upon which modern economic liberalism hinges.... economic liberalism advocates for a conscious agenda of pursuing self-interest.... The author states that through the efficient allocation of economic resources a society's welfare is enhanced....
2 Pages (500 words) Essay

Globalization as an International Phenomenon

The end of the Cold War has had important implications for the already precarious states of Africa and has coincided with the emergence of asian economic 'Tigers': a global economic shift towards emerging East Asian powerhouses.... Emerging economic countries such as India, Brazil, Russia, and South Korea have been challenging US economic hegemony for decades.... lanned capitalism, expressed through governmental economic intervention and the Bretton Woods Agreements of 1944, exploded during the 1970s....
5 Pages (1250 words) Essay

Neoliberalism and the Global World

Additionally, the end of the Cold War has had important implications for the already precarious states of Africa and has coincided with the emergence of asian economic 'Tigers': a global economic shift towards emerging East Asian powerhouses.... Neoliberalist ideology, namely the spread of free markets and capitalist-inspired consumerism as the dominant engine of economic growth, is the force behind the current wave of globalization.... Globalization is an international phenomenon with far-reaching consequences in the social, political, and economic realms....
7 Pages (1750 words) Essay

Comparative study: China/India: The role of the state in the development

An ancient civilization and an emerging economic powerhouse in the heart of Asia, China is quickly developing one of the strongest economies in the world.... Additionally, India represents an economic outlook which has captivated the attention of globalization analysts as this country has quickly become home to the phenomenon of China today represents a new form of economic development and this country has witnessed sustained financial growth while resisting pressures to democratize and has continued to develop inline with Maoist socialist thought....
12 Pages (3000 words) Essay

Capitalism and Entrepreneurship in China

An ancient civilization and an emerging economic powerhouse in the heart of Asia, China is quickly developing one of the strongest economies in the world.... Chinese products can be found all over the world from Athens to Zurich and since its cautious embrace of a more market-oriented capitalist outlook, the modern People's Republic of China has exhibited phenomenal economic growth.... Oftentimes, the economic model of development propagated by China today is described as 'authoritarian capitalism' (Gat 2007, 33)....
5 Pages (1250 words) Assignment

Worldwide Neoliberalism as The Main Effect of Globalization

The paper 'Worldwide Neoliberalism as The Main Effect of Globalization' traces the antecedents to the current wave of globalization with an emphasis on the Reagan and Thatcherite regimes in America and Britain and argues that capitalism is the dominant viable economic system for the world economy.... economic globalization, namely the spread of neoliberalism and capitalist-inspired consumerism as the dominant engine of economic growth, has both supporters and detractors....
10 Pages (2500 words) Coursework

The Rise of Financial Instability over the Past Few Decades

Additionally, the end of the Cold War has had important implications for the already precarious states of Africa and has coincided with the emergence of asian economic 'Tigers': a global economic shift towards emerging East Asian powerhouses.... The paper "The Rise of Financial Instability over the Past Few Decades" discusses that the so-called Second World of the global Communist community was severely undermined by the economic and political crises which began in the late 1960s....
11 Pages (2750 words) Essay

Is Karl Marx Still Relevant

The paper "Is Karl Marx Still Relevant" discusses that socialism today represents a variety of ideas that blend modern capitalism and socialist ideas about the role of the state in economic affairs.... China remains the major challenge to US economic control as wages continue to remain low in China and Chinese products continue to flood the world's global marketplace.... Initially seen as the antithesis to capitalism and capitalist modes of production, socialism today represents a variety of ideas that blend modern capitalism and socialist ideas about redistribution and the role of the state in economic affairs....
5 Pages (1250 words) Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us