Discuss the rise of the "Little Tigers." What has enabled their economic growth? Give examples.

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The Answer is The term "Little Tigers" refers to the smaller Asian economies that have experienced rapid economic growth and industrialization, similar to the original Four Asian Tigers (South Korea, Taiwan, Hong Kong, and Singapore). The rise of the Little Tigers, including countries like Malaysia, Thailand, Indonesia, and the Philippines, has been enabled by several key factors.

One of the main drivers of their economic growth has been their export-oriented industrialization strategies. These countries have focused on developing their manufacturing sectors and exporting goods to international markets. This has been supported by factors such as low labor costs, favorable government policies, and investment in infrastructure.

For example, Malaysia has become a major producer of electronic components and electrical goods, while Thailand has developed a strong automotive industry. Indonesia has also seen significant growth in manufacturing, particularly in textiles and consumer goods.

Additionally, these countries have benefited from foreign direct investment (FDI) and technology transfer from more developed economies. This has allowed them to modernize their industries and improve productivity.

Furthermore, the Little Tigers have also invested in education and human capital development, which has contributed to their economic success. By improving the skills and knowledge of their workforce, these countries have been able to attract higher value-added industries and increase their competitiveness in the global market.

Overall, the rise of the Little Tigers can be attributed to their export-oriented industrialization, FDI inflows, technology transfer, and investment in human capital. These factors have enabled them to achieve rapid economic growth and development.

Discuss the Rise of the "Little Tigers