The economies of Indonesia, Malaysia, the Philippines and Thailand are called Tiger Cub Economy. These four Asian Economies called so because they follow the same export-driven model of economic development. Young tigers are referred to as "cubs", the implication being that the four newly industrialized countries that make up the Tiger Cub Economies are raising Tigers.
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Characteristics of Tiger Cub Economy
- Overseas Chinese entrepreneurs played a 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 Malaysia, Indonesia, Thailand, and the Philippines that share common family and cultural ties.
- All of these states had export oriented economic policies and strong development policies.
- They called so because they emerged as new political powers in Asia and the new markets for investors.
- They are centres for global trade, symbols of the spread of global capitalism and manufacturing giants that have ensured a global saturation of their brands.