Tiger economy


A tiger economy is the economy of a country which undergoes rapid economic growth, usually accompanied by an increase in the standard of living. The term was originally used for the Four Asian Tigers as tigers are important in Asian symbolism, which also inspired the Tiger Cub Economies. The Asian Tigers also inspired other economies later on; the Anatolian Tigers in the 1980s, the Gulf Tiger in the 1990s, the Celtic Tiger in 1995–2000, the Baltic tigers in 2000–2007, and the Tatra Tiger in 2002–2007.
In the 1960s, the Philippines, Sri Lanka and Myanmar were billed as the next East Asian Tiger Economies as all three countries were experiencing high growth. Internal issues however led to the economies of all three countries to falter. Israel's rapid economic growth in the 1990s, and again in the 2000s and 2010s following a brief recession, earned it a reputation as a tiger economy, and the term "Hebrew tiger" was dubbed in one newspaper. Bangladesh has been described as an emerging "Asian tiger" in recent years due to its high economic growth and industralisation which bear many similarities to the way the Four Asian Tigers industralised between the 1960s and 1990s.

Similar

In Latin America, the fast-growing & emerging economies, oriented to free trade and free market development are called the Pacific Pumas of which consist of Mexico, Chile, Peru & Colombia.
For emerging economies in Africa, the term lion economy is used as an analogy. Countries considered to be "lion economies" are South Africa, Morocco, Algeria, Libya, Botswana, Egypt, Mauritius, and Tunisia.
The term "wolf economy" is used to describe Mongolia's rapidly growing economy.