Economic miracle
Appearance
Economic miracle is an informal economic term commonly used to refer to a period of dramatic economic development that is entirely unexpected or unexpectedly strong. The term has been used to describe periods in the recent histories of a number of countries, often those undergoing an economic boom, or described as a tiger economy.
Post-World War II
- Japanese economic miracle (c. 1945–1990)
- Trente Glorieuses (France, c. 1945–1975)
- Record years (Sweden, c. 1947–1974)
- Wirtschaftswunder (West Germany and Austria, c. 1950s–1970s)
- Mexican miracle (c. 1940s–1970s) (term not used by economists)
- Belgian economic miracle (1945–1948)
- Greek economic miracle (1950–1973)
- Italian economic miracle (c. 1950–1973)
Later
- Spanish miracle (1959–1974)
- Four Asian Tigers (South Korea, Taiwan, Hong Kong, and Singapore, c. 1960s-1990s)
- Miracle on the Han River (South Korea, c. 1962-2007)
- Taiwan Miracle (1961-2012)
- Tiger Cub Economies (Indonesia, Malaysia, Thailand and the Philippines)
- Economy of Indonesia under New Order (Indonesia) regime (1968-1997). And falling down since Asian Crisis
- Indonesian economic boom (2001-present)
- Thai Miracle (2007-present)
- Brazilian Miracle (1968–1973)
- Chinese economic boom (1978–present)
- Miracle of Chile (c. 1970s-present)
- Đổi Mới (Vietnam, 1986-present)
- Massachusetts Miracle (1980s)
- Anatolian Tigers (certain Turkish cities, c. 1980s)
- Gulf Tiger (Dubai city, c. 1990s-2008)
- Nordic Tiger (Iceland, c. 1990s-2008)
- Indian economic boom (1991–present)
- Celtic Tiger (Ireland, c. 1995-2000)
- Baltic Tiger (Estonia, Latvia, or Lithuania, c. 2000–2007)
- Tatra Tiger (Slovakia, 2002–2007)
Further reading
- Seliger, Bernhard (2010). "Theories of economic miracles" (PDF). Diskurs (01): 1–26.