Four Asian Dragons

E133189

The Four Asian Dragons are the highly developed economies of Hong Kong, Singapore, South Korea, and Taiwan, renowned for their rapid industrialization and export-driven growth from the late 20th century onward.

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Four Asian Dragons canonical 1

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Statements (49)

Predicate Object
instanceOf East Asian economies
regional economic grouping
alsoKnownAs Four Asian Tigers
surface form: Asian Tigers

Four Asian Tigers
characteristic high economic growth rates
high levels of trade openness
rapid industrialization
rapid integration into global markets
strong manufacturing sectors
comparedWith BRICS
Newly industrialized countries
developmentOutcome rapid urbanization
significant rise in per capita income
developmentStrategy export promotion rather than import substitution
economicModel export-led growth
export-oriented industrialization
economicStatusByEarly21stCentury high-income economies
economicStatusByLate20thCentury newly industrialized economies
hasMember Hong Kong, China
surface form: Hong Kong

Singapore
South Korea
Formosa
surface form: Taiwan
historicalContext Cold War era development in East Asia
IMFClassification advanced economies (Hong Kong, Singapore, South Korea, Taiwan)
industrialFocus electronics and technology industries in later stages
light manufacturing in early stages
influenced economic policies of other developing countries
knownFor developmental state policies
exporting manufactured goods to Western markets
high savings and investment rates
transition from low-income to high-income status
laborMarketCharacteristic initially low wages with gradual increases
notableMemberEconomyRole Hong Kong as an international financial center
Singapore as a global logistics and financial hub
South Korea as a major electronics and automobile producer
Taiwan as a leading semiconductor and electronics producer
periodOfRapidGrowth 1960s
1970s
1980s
1990s
policyFeature attraction of foreign direct investment
government support for key industries
investment in education and human capital
macroeconomic stability
region Asia-Pacific
East Asia
roleInGlobalEconomy important financial and trading hubs
major exporters of manufactured goods
WorldBankClassification high-income economies

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Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

Four Asian Tigers alsoKnownAs Four Asian Dragons