Four Asian Tigers

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Four Asian Tigers The Four Asian Tigers include, South Korea, Singapore, Hong Kong, and Taiwan. All four Asian Tigers have a highly educated and skilled workforce and have specialized in areas where they had a competitive advantage. For example, Hong Kong and Singapore became world leading international financial centres, while South Korea and Taiwan became world leaders in information technology. Their economic success stories became known as the Miracle on the Han River and Taiwan Miracle, see Sho-Chieh Tsiang and role models for many developing countries.[1][2][3] South Korea, the largest of the Four Asian Tigers, became the only Tiger to become a High-income OECD member, join the G-20 major economies, and be listed among the Next Eleven countries, while emerging as the world's largest shipbuilder, the world's fifth largest carmaker, and creating major global multinationals such as Samsung, LG and Hyundai-Kia. Role of traditional philosophies Economic success in Japan, followed by the Four Asian Tigers, has been attributed to the existence of harmonious labor-management relations (cf. W. Dean Kinzley, Industrial Harmony in Modern Japan: The Invention of a Tradition, Routledge, London & New York, 1991). “Industrial Harmony” is this unique “culture of harmony” that was consciously invented and developed over the last century in Japan. A semi-bureaucratic organization called the “Kyochokai” (The Co-operation and Harmony Society) was established in 1919 to meet the needs of an emerging industrial society. The Kyochokai took the lead in trying to define the values which would be suitable for a new Japanese-style industrial society, at the time of great social troubles in industrial Europe. The resulting "invented" tradition has played an important role in the evolution and character of Japanese economic values and behavior of social peace for economic
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