Tiger economy

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A tiger economy is the economy of a country which undergoes rapid economic growth, usually accompanied by an increase in the standard of living.[1] The term was initially used for South Korea, Singapore, Hong Kong, and Taiwan (the Four Asian Tigers) as tigers are important in Asian symbolism, and in the 1990s it was applied to the Republic of Ireland (the "Celtic Tiger"). Later on Dubai, Romania, Slovakia[2] and the Baltic countries developed a tiger economy as well.

For emerging economies in Africa, the term lion economy is used as an analogy.[3]

The term 'wolf economy' is used to describe Mongolia's rapidly growing economy.[4]

See also[edit]

References[edit]

  1. ^ A definition of Tiger Economy is provided by the Macmillan Online Dictionary, available here
  2. ^ See this essay by Michal Hvorecký for an example of the term applied to Slovakia - The End of the Economic Miracle
  3. ^ http://www.economist.com/node/21541008
  4. ^ http://ganhuyag.com/#!/wolf-economy