Characteristics of Asian Tigers
Below are the characteristics of Asian Tigers;
1. Focused on exports to rich industrialized nations.
2. Each nation was a non-democratic and relatively authoritarian political system during the early years.
3. Each of the Asian Tigers had high tariffs on imports and undervalued currencies.
4. Each of the Asian Tigers held a high level of U.S. bond holdings and had a high savings rate.
5. They used import substitution and Taxes to discourage import, so as to allow their primary industry to flourish.
6. The government offered the security of tenure to landowners, encouraging people to invest in their land.
7. They upgrade the industries and expansion of the national education systems.
8. Trade unions were discouraged as they reaffirmed job security.
9. The political-economic policy is the commitment on the part of the ruling elites to develop the economy in a specific direction.
10. The political leadership established mechanisms to ensure that the requirements of the economy played a central part in determining the output of the education and training systems.
11. They had to establish strong controls over the institution responsible for education and training so that governments could deliver the appropriate skills to the workplace.
12. Governments had to constantly steer the system by adjusting the output from the education and training system to meet the existing and future demands.