The term "Asian Tigers" refers to four highly developed economies in Asia: Hong Kong, Singapore, South Korea, and Taiwan. These countries experienced rapid industrialization and economic growth from the 1960s to the 1990s, transforming them into global financial and technological hubs. Their success is often attributed to export-oriented policies, investment in education, and strong government support.
The Asian Tigers are known for their high GDP growth rates and significant improvements in living standards. They serve as models for other developing nations, showcasing how strategic economic planning and openness to trade can lead to prosperity. Their achievements have made them key players in the global economy.