Tiger Cub Economies

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The Tiger Cub Economies (yellow) consist of five countries, Indonesia, Malaysia, Philippines, Thailand, Vietnam. Also shown are the original tigers (in red).

Tiger Cub Economies collectively refer to the economies of the developing countries of Indonesia, Malaysia, the Philippines, Thailand and Vietnam,[1] the five dominant countries in Southeast Asia.[2][3]

Overview

Tiger Cub Economies are so named because they attempt to follow the same export-driven model of technology and economic development already achieved by the rich, high-tech, industrialized, and developed countries of South Korea and Taiwan, along with the wealthy financial centers of Hong Kong and Singapore, which are all collectively referred to as the Four Asian Tigers.[4][5][6][7] Young tigers are referred to as "cubs", the implication being that the five newly industrialized countries[8] who make up the Tiger Cub Economies are rising Tigers. In fact, four countries are included in HSBC's list of top 50 economies in 2050,[9] while Indonesia, Vietnam and the Philippines are included in Goldman Sachs's Next Eleven list of high potential economies because of their rapid growth[quantify] and large population.

Overseas Chinese entrepreneurs played a major prominent role in the development of the region's private sectors. These businesses are part of the larger bamboo network, a network of overseas Chinese businesses operating in the markets of developing countries like Malaysia, Indonesia, Thailand, and the Philippines that share common family and cultural ties.[10] China's transformation into a major economic power in the 21st century has led to increasing investments in Southeast Asian countries where the bamboo network is present.[11]

2019 Data

GDP and GDP per capita data are according to world Bank's July 2020 data.[12]

Rank Country Population
in million

 GDP Nominal
millions of
USD		 GDP Nominal
per capita
USD		 GDP (PPP)
millions of
USD		 GDP (PPP)
per capita
USD
—  ASEAN 654.306 3,173,141 4,849 8,454,651 12,921
1  Indonesia 266.998 1,119,191 4,136 3,329,169 12,302
2  Thailand 67.913 543,650 7,808 1,338,781 19,228
3  Philippines 108.307 376,796 3,485 1,003,038 9,277
4  Malaysia 32.801 364,702 11,415 943,336 29,526
5  Vietnam 95.494 261,921 2,715 807,817 8,374


Economies of Southeast Asia

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See also: Bamboo network

Developing economies of the Tiger Cubs

Developed economies of the Four Asian Tigers

See also

References

  1. ↑ PAUTASSO, D.; CARDOSO, A. K.. A Nova Ordem Energética Internacional. São Paulo: Escola Superior de Propaganda e Marketing/II Seminário de Iniciação Científica da ESPM – São Paulo: 2013
  2. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  3. ↑ HOMLONG, Nathalie; SPRINGLER, Elisabeth. Business-Handbuch Vietnam: Das Vietnamgeschäft erfolgreich managen: Kulturverständnis, Mitarbeiterführung, Recht und Finanzierung. Wiesbaden: Springer Gabler, 2013.
  4. ↑ https://www.economist.com/business/2018/04/05/tsmc-is-about-to-become-the-worlds-most-advanced-chipmaker
  5. ↑ https://www.bloomberg.com/news/articles/2018-11-28/intel-s-chipmaking-throne-is-challenged-by-a-taiwanese-upstart
  6. ↑ https://in.pcmag.com/chipsets-processors/120341/tsmc-set-to-beat-intel-to-become-the-worlds-most-advanced-chipmaker
  7. ↑ https://www.mirror.co.uk/news/world-news/taiwanese-navy-accidentally-fires-nuclear-8730387
  8. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  9. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  10. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  11. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  12. ↑ Lua error in package.lua at line 80: module 'strict' not found.
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