Tiger economy

From Wikipedia, the free encyclopedia

A tiger economy is the economy of a country which undergoes rapid economic growth, usually accompanied by an increase in the standard of living.[1] The term was initially used for South Korea, Singapore, Hong Kong, and Taiwan (the Four Asian Tigers or Four Little Tigers) as tigers are important in East Asian symbolism, and in the 1990s it was applied to the Republic of Ireland (the "Celtic Tiger"). Later on Dubai, Slovakia[2] and the Baltic countries developed a tiger economy as well.

For emerging economies in Africa, the term lion economy is used as an analogy.[3]

See also

References

  1. ↑ A definition of Tiger Economy is provided by the Macmillan Online Dictionary, available here
  2. ↑ See this essay by Michal Hvorecký for an example of the term applied to Slovakia - The End of the Economic Miracle
  3. ↑ http://www.economist.com/node/21541008


This article is issued from Wikipedia. The text is available under the Creative Commons Attribution/Share Alike; additional terms may apply for the media files.