Question

The little tigers of asia have been able to escape the cycle of economic colonialism that has haunted so many former colonies. what factors account for this

Answer 1

The Four Asian Tigers also known as the four Asian dragons were 4 regions, namely, Hong Kong, South Korea, Taiwan and Singapore which experienced significant growth between 1960s and 1990s.

Within just 30 years, these poor areas emerged as one of the richest places in the world.

Many studies have been carried out to understand this change and some points include:

1. Low- Taxes
2. Minimal Welfare States
3. Export-led policies
4. Government intervention
5. Significant investments in Education and training