What is the tiger economy?

and tiger economy is a term used to describe the national economy that experiences an unexpected and rapid growth period. As a result of this increase in economic growth, the general standard of living in this country also undergoes drastic changes that allow the population to use higher standard of living. While this term was originally created to describe a phenomenon that took place in Southeast Asia, since then, any special economic zone, which is subject to rapid economic growth anywhere around the world, has been used by a tiger economy since then.

In the first use, the tiger economy described the economic phenomenon that occurred in the nations of Thailand, Tai -Wan, Singapore, Hong Kong, South Korea and Japan. These nations enjoyed a dramatic rise in the economy because they enjoyed profitable business balance. Since investment capital flowed into nations and increased export activities, these nations were also able to keep the import activity, which uIt allows consumers to enjoy goods and services that are not produced in these countries. The final result was an developing market economy that was strong, alive, and eventually the benefit of almost anyone involved in the initiative of economic growth.

Since the second part of the 20th century, the tiger economy has come to identify any national or group of national economies that experience this type of rapid growth and the subsequent increase in living standards for their citizens. Nicknames are often used for a specific grouping of nations that are subject to this type of prosperity. For example, when the Republic of Ireland has experienced this type of growth over a decade of 90. The nation was referred to as the Celtic tiger . In the case of a tiger economy that has evolved in Japan, Tai -Wan and other countries in the southeastern Asia region, it was known as East Asian Tigers .

one of the potentialThe pitfalls of the tiger economy is that this phenomenon may not be sustainable in the long term. Many nations that have experienced this type of economic growth over the last twenty years of the 20th century also underwent an economic decline after rapid prosperity equalized after seven to ten years. In many cases, countries experiencing a tiger economy can overcome a subsequent decline and emerge with economies that are stable, albeit somewhat less spectacular than during glory. Financial experts are usually able to determine what events and decisions have led to undermine rapid growth and have taken steps to minimize these factors in the future, which is measures that increase the chances of the country's economy that remain stable during subsequent shifts in the global economy.