The Four Little Dragons in Asia mean that since 196s, they have achieved rapid economic development and become a developed and wealthy region in Asia.
What do the four Asian Little Dragons mean?
The four Asian Little Dragons are: China, Hongkong, China, Taiwan Province, Singapore and South Korea. Hong Kong is a special administrative region of the People's Republic of China, a prosperous international metropolis, and has the reputation of Pearl of the Orient, gourmet paradise and shopping paradise. South Korea is a newly developed country, which has created a miracle of the Han River that has attracted worldwide attention and is one of the fastest economic development in the world.
Singapore is an island country and a city in Southeast Asia. Its economic model is called capitalism, and it is famous for its stable political situation and clean and efficient government. Taiwan Province, China is an important transportation hub for Chinese mainland's maritime links with countries in the Pacific region. In economic and trade, Taiwan Province gave priority to earning foreign exchange by high-tech industries, and became one of the developed regions in the 199s.
the Asian financial crisis broke out in 1998, and many of them fell into recession. These four successfully developed economies located in East Asia and Southeast Asia, whose extremely successful economic development process and experience have enabled them to ride out the crisis safely, are typical examples of development economics research.