Other Asia: Dragons, Tigers and an Elephant

Robert Solomon
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Robert Solomon: The Brookings Institution

Chapter 10 in The Transformation of the World Economy, 1980–93, 1994, pp 155-168 from Palgrave Macmillan

Abstract: Abstract The economic dynamism now so evident in China has been a feature of Hong Kong, South Korea, Singapore and Taiwan for many years. These four countries have been called ‘the four little dragons’ in Asia — China being the large dragon — and ‘the four tigers’ in the west. The dragon is a symbol of serene and prestigious power in Asia. The tiger, while also powerful, is regarded as less majestic and self-confident. Thus because Korea, after decades of highly successful economic performance, encountered some problems in 1993 (discussed below), Koreans tended to characterise their nation as a tiger rather than a dragon.

Keywords: Foreign Direct Investment; Monetary Policy; Industrial Policy; Public Enterprise; Foreign Exchange Reserve (search for similar items in EconPapers)
Date: 1994
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-23675-6_10

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DOI: 10.1007/978-1-349-23675-6_10

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