SHINING ASIAN TIGERS | HOW THEY CRACKED THE WINNING CODE
Global Affairs Session 41 22 May 2026 SHINING ASIAN TIGERS How four economies got rich, and five more are following South Korea, Taiwan, Singapore and Hong Kong turned themselves from poor, resource-scarce economies into high-income powerhouses within a generation — the East Asian economic miracle. Indonesia, Malaysia, the Philippines, Thailand and Vietnam followed as the Tiger Cubs. In 1997 a debt-fuelled crisis exposed the model's weaknesses, yet both groups rebuilt and now face a new test: staying relevant in an age of AI, chips and shifting supply chains.