Characteristics of Asian Tigers

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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,

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