Malaysia, Thailand and Indonesia are called the New Asian Tigers. The concept is used in economics and geopolitics to designate the bloc’s behavior with respect to administrative and political behavior similar to that of the Asian Tigers, formed by South Korea, Taiwan, Singapore and Hong Kong.
The New Asian Tigers, like the Asian Tigers, adopted from the 1980s an exporting stance, ensuring the supply of Europe, North America and Asia. The result was high growth rates and increased social guarantees of the population.
The economic dynamics of the New Asian Tigers are marked by aggressiveness, with restrictions on imports and competition with emerging countries.
In the 1990s, countries collapsed economically, but maintained their export posture and thus achieved recovery. The improvement in economic indices was accompanied by investment in human capital, rising wages and the creation of universities.
Not among the top nations by area, countries of Asian Tigers have the following features:
- Aggressiveness in trade relations
- Import Restriction
- Salary increase
- Human capital investment
- Competitiveness with emerging countries
What Are Asian Tigers?
The name Asian Tigers was coined in 1980 to define the domestic and international behavior of South Korea, Taiwan, Singapore and Hong Kong. These countries had low growth rates and social guarantees were minimal, as in Africa.
It was the aggressive policy of producing and supplying the foreign market, like a tiger, that resulted in improvements in social relations and enrichment of markets.
Although they experienced several economic crises, the most intense in the 1990s, the Asian Tigers maintain high rates of growth, wealth accumulation and meeting the social needs of citizens.
Brand New Asian Tigers
They are classified as Brand New Asian Tigers Philippines and Vietnam. These countries, too, maintain an aggressive policy of investing in the high-tech industry to supply the domestic market, invest in the qualification of labor and guarantee access to adequate public goods for the population.
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