ThomasThe four Asian dragons refer to Hong Kong, Taiwan, Singapore and South Korea in Asia since the 1960s. The Asian financial crisis broke out in 1998, and many countries fell into recession. These four successfully developed economies located in East and Southeast Asia have survived the crisis through their extremely successful economic development process and experience, which is a typical example of development economics research.
They take advantage of the opportunity of western developed countries to transfer labor-intensive industries to developing countries, attract a large amount of foreign capital and technology, quickly embark on the road of development, and become one of the economic locomotives in East and Southeast Asia. The international community generally regards the four Asian dragons as developed countries and regions.
Hong Kong, Taiwan, Singapore and South Korea are all countries (or regions) with small territory and few industrial and mining resources, but with superior geographical location and special relations with western developed countries. They are all powerful countries (or regions) in East or Southeast Asia, and their political centers are among the largest and second largest cities in Asia.
