Asia Tiger Economy of The World

GOODMORNIN
G!
LAST MAN
STANDING
DIRECTIONS
•Everyone will open camera.
:
•A question will appear on the screen and one
student will have 15 seconds to answer it.
•If the answer is correct, remain open camera.
•If the answer is incorrect, you can close your
camera.
•The Last Man (or Woman) Standing wins!

QUESTION #1
A tiger economy is a term used to describe

several booming economies, particularly in
Southeast Asia.
TRUE FALSE
QUESTION #2
The Asian tiger economies typically include

Singapore, Hong Kong, North Korea, and
Taiwan.
TRUE FALSE
QUESTION #3
Lee kuan yew a politician and Lawyer

who was 1st Prime Minister of Singapore
from 1959 to 1990.
TRUE FALSE
QUESTION #4
In the late 19th century and early 20th

centuries, Hong Kong developed as a
warehousing and distribution center for
U.K. trade with southern China.
TRUE FALSE
QUESTION #5
Hong Kong is also known for its sophisticated

infrastructure, lack of restrictions on inward or
outward investment, limited foreign exchange
controls, low-tax regime, highly skilled labor pool,
and strong finance and marketing sectors.
TRUE FALSE
THE ASIAN TIGERS
PREPARED BY: CAMILLE MAE UNGUI
ISABEL
BELTRAN
What is a Tiger Economy?
A tiger economy is a term used to describe several
booming economies, particularly in Southeast Asia.
Asian Tigers
The Asian tiger economies typically include Singapore,
Hong Kong, South Korea, and Taiwan.
Four Asian Tiger
Hong kong Taiwan
South Korea Singapore

Singapore
Singapore Historical Background
❏ The name “Singapore” comes from the Malay word “Singapura”,
which derived from the Sanskrit words “Simha” meaning “Lion”,
and “Pura” meaning city. The name translate to “Lion City”
❏ During 1867 to 1958 Singapore became Crown Colony of British
Empire.
❏ During 1959 Singapore became independent to Britain Colony
and founded by the 1st Prime Minister Lee Kuan Yew.
❏ During 1963 Singapore briefly joined Malaysia as a state.
❏ Year 1965 Singapore attained its fully independence nation.
Lee Kuan Yew
A politician and Lawyer
who was 1st Prime
Minister of Singapore
from 1959 to 1990.
During his long rule,

Singapore became the
most prosperous country
in Southeast Asia.
CHANDLER GOOD GOVERNANCE INDEX RANKING 2023
The Secret of Singaporeans Success
Economic Success Education
Infrastructure Home Ownership

ECONOMIC SUCCESS
The Singapore Economic

Development Board (EDB), a
government agency under the
Ministry of Trade and Industry, is
responsible for strategies that
enhance Singapore’s position as
a global centre for business,
innovation, and talent.
NOTABLE INFRASTRUCTURE
EDUCATION
HOME OWNERSHIP
The Housing & Development

Board (HDB) is Singapore's public
housing authority. We plan and
develop Singapore's housing
estates; building homes and
transforming towns to create a
quality living environment for all.
We provide various commercial,
recreational, and social amenities
in our towns for our residents’
convenience.
Singapore
● Singapore has a population of 5.6 million as of 2023 and a GDP of $497
billion. The country is also one of the world's leading exporters of
products and services, a global financial center, and a top market for
growing tech companies.
● Singapore is known for its business-friendly economy and forward-looking
government policies. The country has a “no red tape” policy regarding
incorporation, tax forms, and visa applications, making it one of the best
places to do business.
● Singapore’s government also invests heavily in the private sector, offering
incentives for businesses.
● These business incentives have fueled a massive drive for start-ups to
enter the market, making it a top destination for growing tech companies.
Hong Kong Historical Background
In the late 19th century and early 20th centuries, Hong Kong developed
as a warehousing and distribution center for U.K. trade with southern
China. After the end of World War II and the communist takeover of
Mainland China in 1949, hundreds of thousands of people emigrated
from China to Hong Kong. This helped Hong Kong become an
economic success and a manufacturing, commercial, and tourism
center. High life expectancy, literacy, per capita income, and other
socioeconomic measures attest to Hong Kong's achievements over the
last four decades.
Major Components of Hong Kong’s Success
Hong Kong
● Hong Kong is a Special Administrative Region in South China and one of
the world's most densely populated territories, with a population of 7.4
million as of 2023. Hong Kong has a gross domestic product (GDP) of
$385 billion, and its location provides foreign investors with a commercial
and infrastructural gateway to mainland China.
● Hong Kong has the most aggressive free-trade policies of the Four Asian
Tiger countries. These policies have no import tariffs and only charge
excise duties on four commodities: hard alcohol, tobacco, hydrocarbon
oil, and methyl alcohol.
● Hong Kong is also known for its sophisticated infrastructure, lack of
restrictions on inward or outward investment, limited foreign exchange
controls, low-tax regime, highly skilled labor pool, and strong finance and
marketing sectors.
Taiwan
Taiwan’s Journey to becoming an Asian Tiger
● Post-Civil War Era (1949-60s): US aid kickstarts industrial development.
● Land Reform & Agri Modernization (1950s): Redistribution boosts rural economy.
● Export-Driven Growth (1960s-70s): Emulates South Korea's success.
● Govt.-Led Policies (1960s-80s): Infrastructure, education, and export zones drive
growth.
● High-Tech Shift (1980s-90s): Focus on electronics and IT.
● Political Stability (1980s-present): Relations with US aid growth despite China
pressure.
● Education Investment: High literacy and skilled workforce fuel innovation.
● Financial Liberalization (1980s-present): Opens up to global markets. Taiwan's
success hinges on government strategy, education, tech focus, and stable
international ties.
Taiwan’s Success
TAIWAN SEMICONDUCTOR
TSMC is a long-time partner to
Apple MANUFACTURING
COMPANY(TSMC)
Factors behind Taiwan’s success
Taiwan today
Taiwan has a population of 23 million as of 2023 and a GDP of $752 billion. The country’s rapid
industrialization initially focused on heavy industries, including steel, electronics, and
petrochemicals. Taiwan is still a manufacturing hub today, and businesses can build products
at a low cost and in a stable market.
The Taiwanese government actively promotes foreign direct investment and has simplified the
process for international companies to set up and operate.
Taiwan’s foreign investment policies largely focus on maintaining its tech leadership, and it has
attracted many technology investors due to its infrastructure, large industrial base, advanced
research and development, and highly skilled workforce.
Taiwan's manufacturing hub focuses primarily on producing parts, or intermediate goods, that
are incorporated into final products elsewhere. High-skilled manufacturing industries drive
Taiwan’s export economy, especially in electronics and machinery.
South Korea
South Korea’s Journey to become an Asian Tiger
● After the Korean War, President Park Chung-hee led ambitious plans for
industrialization.
● Export-focused strategy boosted industries like textiles and electronics, driven by
chaebols.
● Government-led development with policies, infrastructure, and education investments.
● Large, disciplined workforce contributed to economic growth through savings and
investment.
● Heavy investment in research led to technological advancements and competitive
products.
● Political stability and U.S. support provided a conducive environment for growth.
● Financial reforms in the 1990s opened up the economy to foreign investment.
● South Korean companies like Samsung and Hyundai expanded globally, dominating
various industries.
Factors behind South Korea’s success
South Korea today
South Korea is located on the Korean Peninsula, with a population of 51.6 million as of 2023
and a GDP of $1.72 trillion. South Korea has a well-developed infrastructure, making it one of
the most affluent countries in Asia.
The government heavily promotes foreign investment in the country by offering tax incentives
and grants to foreign companies contributing to the economy. South Korea also helps
companies find and pay for industrial sites and helps cover start-up costs.
South Korea is one of the most tech-savvy countries in the world as a prominent
manufacturer of electronics and semiconductors. The country also ranks among the top in
the world for patent applications per capita and research and development expenditures.
Understanding Tiger Economies
Also known as the Asian Dragons, the countries that make up
the Four Asian Tigers share common characteristics
including :
● export-oriented industrialization
● well-developed infrastructures
● strong government intervention
● emphasis on education and technology
● focus on developing a skilled workforce
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GOODMORNIN

•The Last Man (or Woman) Standing wins!

A tiger economy is a term used to describe

The Asian tiger economies typically include

Lee kuan yew a politician and Lawyer

In the late 19th century and early 20th

Hong Kong is also known for its sophisticated

South Korea Singapore

During his long rule,

Economic Success Education

Infrastructure Home Ownership

The Singapore Economic

The Housing & Development

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