What happened to the so-called Asian tigers in the 1960s and 1970s?
A)They underwent a period in which their economies turned into mild communism.
B)The literacy rates of these countries declined in this time period (that is, a smaller percentage of the people could read).
C)They all became part of the First World.
D)They became the most technologically advanced countries in the world.
E)They underwent the process of opening their economies and experienced rapid economic growth.

Question

Quizplus · Accepted Answer

The Asian tigers (South Korea, Taiwan, Hong Kong, Singapore) underwent the process of opening their economies in the 1960s and 1970s, which led to rapid economic growth. They implemented policies that focused on exports and attracting foreign investment, leading to significant industrialization and modernization of their economies. As a result, they emerged as some of the fastest-growing economies in the world.

What Happened to the So-Called Asian Tigers in the 1960s