With rapid increase of GDP (Gross Domestic Product), the economies of Taiwan, Singapore, Hong Kong and South Korea have earned the reputation of being the “Four Little Tigers” of Asia. These four countries, primarily under the influence of Chinese culture had shown rapid industrialization in the decades of 1960s and the 1990s. Since the twenty-first century these four states have come under the category of ‘developed’ states.
These countries, which are now developed, had adopted an export-oriented pattern of development. Production for domestic use was discouraged by way of high tariffs. This, accompanied by emphasis on public education, went a long way in ensuring sustained rate of double-digit growth for many decades. Education enabled these countries to produce cheap, but productive workforce, which became their strength. Egalitarianism was encouraged by way of land reforms, which ensured that peasants were never left dissatisfied.
The above-mentioned measures brought a lot of economic benefit to these countries. They soon discovered that they had a favorable balance of trade. Though these countries had mostly non-democratic political systems in the initial years, yet they managed to ensure high rate of savings amongst their citizens. This was possible by focusing exports mainly to richer industrialized countries.
Asia’s Four Little Tigers: a comparison of the role of education in their development
Industrialization and Welfare: The Case of the Four Little Tigers by James Midgley
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