Asian Tiger Economies: How Robust Are They?

Economies on different countries can offer a great opportunity for several companies and business owners to invest in a particular trade in an effort to increase their overall profit and revenue. The options to choose from with regards to trade economies are vast and expansive giving individuals a lot of factors to choose and consider. One of the most notable economies today is the Asian Tiger. Let us consider Asian Tiger Economies and examine how robust are they.

Asian Tiger Economies is a nickname given to the economies of Southeast Asia. This includes Indonesia, Singapore, Malaysia, Thailand, South Korea and China. Tiger economy is often a term that is described to the economy of a country which undergoes rapid economic growth which is then usually accompanied by an increase in the standard of living.

One of the reasons why a number of individuals consider Asian Tiger Economies to be quite robust and stable can be seen on their economic history. The economies grew significantly between the late 1980s and early to mid 1990s with the aid of substantial amounts of foreign investment capital. With that being said, these economies have received its fair share of economic and financial crisis in 1997 and 1998. With that being said, these economies were able to recover fairly well and have proved to be resilient enough to withstand local crises. This in turn made them likely to become more active participants in the global market just as fromt what we are seeing and experiencing today.

Asian Tiger economies were able to find success is made possible by exports and rapid industrialization, which allowed these economies to join the ranks of the world’s richest nations. This is quite apparent particularly today where Hong Kong and Singapore are among the biggest financial centers worldwide, while on the other hand, South Korea and Taiwan are significant hubs of global manufacturing in automobile/electronic components and information technology.

Social media in Asia is one of key social value indicators that have contributed greatly to the success of Asian Tiger Economies. With its help, companies and business owners are able to reach their clients and followers in a timely and effective manner. Furthermore, social media has made it possible to interact and engage directly with customers and fans. Asia is not very much behind in other continents with regards to the number of online users that make use of social media networking sites on a regular day to day basis.

Social media is one of the newest and most popular innovation and trend that is being used by millions of people all over the world. Even companies and business owners are benefitting greatly from the services that they provide. This in turn resulted to a huge increase in the number of social media users and they are being setup and created even as we speak. Make sure that you are making good use of social media with regards to your business activities today.