Pacific Asia is one of the world’s most rapidly industrializing regions. South Korea, Taiwan, Singapore, and Hong Kong in particularly have made such rapid strides since 1945 that they are collectively known as the “Four Tiger”
South Korea has been one of the world’s fastest growing economics. Exporting accounted for 42 percent of its 1999 GDP of $ 407 billion to promote economic development.
Taiwan one of the world’s fastest growing economics during the past three decades, with a real growth rate averaging over 8 percent annually over that time span. Exports were $ 122 billion in 1999, or 34 percent of the country GDP of $ 357 billion.
In 1999, Singapore’s per capital income was $ 26,356 and its exports totaled $ 139 billion, or 164 percent of its GDP of $ 85 billion. That figure is not a misprint. Singapore thrives on reexporting. Singapore’s firm takes advantage of the country’s excellent port facilities to import foreign goods and then reexport them to other countries (particularly neighbor Malaysia).
Hong Kong has thrived as an entry port for China, receiving goods from it and preparing the goods for shipment to the rest of the world, and vice versa. Export statistics for Hong Kong reflect its role as a reexporter.
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