Final answer:
The four tigers—Singapore, South Korea, Taiwan, and Hong Kong—learned from the Japanese experience and built strong export-based economies of their own
Step-by-step explanation:
The four tigers—Singapore, South Korea, Taiwan, and Hong Kong—learned from the Japanese experience and built strong export-based economies of their own. These economies, often referred to as the East Asian Tigers, maintained high growth rates through export-led industrialization from the early 1960s to 1990.
This strategy facilitated their convergence with technological leaders in high-income countries, positioning them among the world's key economic players. Japan, often coined the economic dragon of Asia, provided a model for these nations, demonstrating the possibility of rapid economic growth through a combination of cheap labor, high technology, and aggressive exports.
The success of the East Asian Tigers has been characterized by their market-based approach to economic growth and entry into the global market for diverse products, such as electronics, automobiles, and textiles.