Tiger economy
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A tiger economy is a name given to a country which undergoes rapid economic growth and usually an accompanying increase in standard of living. The term was initially used for South Korea, Singapore, Hong Kong, and Taiwan (Four Asian Tigers), and in the 1990s it was applied to Ireland (the Celtic Tiger).
The Greek economic miracle of the 1950s and 1960s has also been described today as a tiger economy. It is not often cited internally, however, as the era was also a time of great political turmoil in spite of the economic success.
More recently, the term has been used to refer to the Baltic states, Estonia, Latvia and Lithuania, known collectively as the Baltic Tigers. Within Canada the province of Alberta has also been considered to have a tiger economy.
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