GEOG 1001 Study Guide - Quiz Guide: Latin American Debt Crisis, 1997 Asian Financial Crisis, Cronyism
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Asia rising: japan, asian tigers, china and india. The asian tigers are malaysia, thailand, hong kong, singapore, taiwan, south korea, and. Identify the asian tigers and describe their emergence as newly industrializing ldcs in the 1980s and 90s; use statistics to show their economic growth. Though in the 1950s and 60s they didn"t have many natural resources, were recovering from war, had a reputation for shoddy goods, and were far away from major markets, they were able to see rapid growth and reduced inequality. The region"s gdp grew on average of 5% annually. Explain reasons for the success of japan and the asian tigers. relationships. They had strong confucian beliefs, in which everyone understood and accepted their position in the societal hierarchy. Asians also placed a huge value on education and valued sacrifice. The state was also much more involved in the economy, so the government could make rules to control the production and imports in the country (ex.
