TIGER ECONOMIES: LESSONS FOR THE ROMANIAN ECONOMY

Avramescu Tiberiu-Cristian
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Avramescu Tiberiu-Cristian: NATIONAL UNIVERSITY OF SCIENCE AND TECHNOLOGY POLITEHNICA BUCHAREST, PITESTI UNIVERSITY CENTER

Annals - Economy Series, 2024, vol. 3, 73-80

Abstract: South Korea, Singapore, Taiwan and Hong Kong are countries that have achieved a spectacular economic growth from the 1960s until present. They are examples of how poor economies, devoid of natural resources, can be transformed into strong, technologically advanced economies with high incomes and a high standard of living. What has happened in these countries is an example of development for other countries if they adopted proper strategies and policies. This paper analyzes how the example of these countries can help Romania (and not only) to achieve sustained economic growth. There were speculations that Romania would soon become an "economic tiger" when it adhered to the European Union and its economy grew rapidly. Can we consider Romania an Eastern European "tiger" capable of catching up with the more developed economically and technologically Western Europe? Or is Romania's high economic growth in recent years determined by temporary factors?

Keywords: economic development; economic growth; economic tigers (search for similar items in EconPapers)
Date: 2024
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