Asian Tigers Essay

1057 Words5 Pages
It is evident that the global economy has moved on from the Asian Tigers and the present and future of the global economy does in fact lie elsewhere, in particular India and China.
The Asian Tigers are a group of countries which are the first set of NIC 's; Taiwan, Singapore, Hong Kong and South Korea. They underwent rapid development in the 1960 's by encouraging TNC 's to invest by opening up manufacturing plants by offering cheap labour and less strict pollution laws. TNC 's also had the advantage of low cost and high availability of raw materials and land. Low trading tariffs and geographical locations are close by/accessible to TNC 's, resulting in cheaper importing and exporting costs. The cost of letting TNC 's exploit them lead
…show more content…
trying to increase the population would mean current working population would be occupied caring for their children, and therefore increasing the number of dependents. However, increasing the working age or increasing use of automotives could ease the situation by helping to balance the dependent and working force ratio.
Aging population is not the only hurdle in China 's growth. Their populous nation increases the demand for food and space along with growth. Causing a constant struggle between urbanisation vs. agriculture. This has lead to China 's per capita arable land being less than half the world 's average. Along with little land availability, soil pollution cause by industrial waste, chemical spills and metal is a big factor which reduces the crop yield. 520 million tonnes of grain was consumed in 2012. the demand for grain is high, where China may have to rely more on importing grain if the land is to be used for economic growth instead. The lack of land means china 's growth is limited to the space they have available. Therefore this limits the chances of China becoming the future of the global economy. Although China is solving this problem through neocolonialism in Nigeria which is being highly critiqued for exploiting Nigeria 's resources and some illegal mining operations.

China is criticized on its method of generating energy. 69% of energy is generated by coal, 18% by oil, 6% by hydroelectric power, 4% from natural gas, less than 1% from
Get Access