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Question 1. East Asian economic growth received a widespread international attention in the 1980s and early 1990s as the World Bank and major news media
Question 1. East Asian economic growth received a widespread international attention in the 1980s and early 1990s as the World Bank and major news media coined the terms such as the 'Asian Miracle' and 'Four Asian Tigers' (also known as 'Four Asian Dragons') to refer to Asia's several 'Newly Industrialized Economies'. These terms are now outdated but knowing the background is still at the core of Asian growth experiences, now expanded to include other countries in the region (most notably China). Which economies did they mean to comprise the 'Four Asian Tigers' and what was special about their growth performance? Do you see any common characteristics in terms of political and economic system, history, geography, and culture among them? (See https://www.investopedia.com/termsewly-industrialized-country.asp, https://en.wikipedia.org/wiki/Four_Asian_Tigers, or https://www.youtube.com/watch?v=MBQUa9he- CS
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