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
 Service-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
 One of the least corrupt countries
 Skilled workforce
 Depends heavily on exports and refining imported goods
 Tourism(medical tourism)

7. South Korea
 Heavily dependent on international trade
 Outward-looking strategy in early 1960s
 Government initiatives
 huge national conglomerates

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

9. Conclusion

10. Thank you for your
attention!