View source for Tiger Cub Economies

{{short description|Economies of the five dominant countries in Southeast Asia}}
{{distinguish|Four Asian Tigers}}
[[File:Novos Tigres Asiáticos.png|270px|right|thumb|The Tiger Cub Economies (in yellow) consist of five countries, [[Economy of Indonesia|Indonesia]], [[Economy of Malaysia|Malaysia]], [[Economy of the Philippines|Philippines]], [[Economy of Thailand|Thailand]], [[Economy of Vietnam|Vietnam]]. <br>Also shown are [[Four Asian Tigers|the original tigers]] ([[South Korea]], [[Taiwan]], [[Singapore]] and [[Hong Kong]]) (in red).]]

The '''Tiger Cub Economies''' collectively refer to the economies of the [[developing countries]] of [[Economy of Indonesia|Indonesia]], [[Economy of Malaysia|Malaysia]], the [[Economy of the Philippines|Philippines]], [[Economy of Thailand|Thailand]] and [[Economy of Vietnam|Vietnam]],<ref>PAUTASSO, D.; CARDOSO, A. K.. [http://www2.espm.br/sites/default/files/pagina/alessandra_kich_cardoso_-_ii_semic_2013_0.pdf A Nova Ordem Energética Internacional] {{Webarchive|url=https://web.archive.org/web/20170817122201/http://www2.espm.br/sites/default/files/pagina/alessandra_kich_cardoso_-_ii_semic_2013_0.pdf |date=2017-08-17 }}. São Paulo: Escola Superior de Propaganda e Marketing/II	Seminário de Iniciação Científica da ESPM – São Paulo: 2013</ref> the five dominant countries in [[Southeast Asia]].<ref>{{cite web | url=http://www.asiamarketresearch.com/asia/ | archive-url=https://web.archive.org/web/20000819024240/http://www.asiamarketresearch.com/asia/ | url-status=usurped | archive-date=August 19, 2000 | title=Asian Marketing, Market Research and Economic Capsule Review | publisher=Asia Market Research | date=16 June 2002 | accessdate=20 February 2013 | author=Rod Davies}}</ref><ref>HOMLONG, Nathalie; SPRINGLER, Elisabeth. Business-Handbuch Vietnam: Das Vietnamgeschäft erfolgreich managen: Kulturverständnis, Mitarbeiterführung, Recht und Finanzierung. Wiesbaden: Springer Gabler, 2013.</ref>

==Overview==
The Tiger Cub Economies are so named because they attempt to follow the same [[Export-oriented industrialization|export-driven]] model of [[technology]] and [[economic development]] already achieved by the rich, [[high-tech]], [[industrialized]], and [[developed country|developed countries]] of [[South Korea]], [[Singapore]], and [[Taiwan]], along with the wealthy financial center of [[Hong Kong]], which are all collectively referred to as the [[Four Asian Tigers]].<ref>{{Cite news|url=https://www.economist.com/business/2018/04/05/tsmc-is-about-to-become-the-worlds-most-advanced-chipmaker|title = TSMC is about to become the world's most advanced chipmaker|newspaper = The Economist|date = 5 April 2018}}</ref><ref>{{Cite news|url=https://www.bloomberg.com/news/articles/2018-11-28/intel-s-chipmaking-throne-is-challenged-by-a-taiwanese-upstart|title = Taiwan's TSMC Could be About to Dethrone Intel|newspaper = Bloomberg.com|date = 28 November 2018}}</ref><ref>{{Cite web|url = https://in.pcmag.com/chipsets-processors/120341/tsmc-set-to-beat-intel-to-become-the-worlds-most-advanced-chipmaker|title = TSMC set to beat Intel to become the world's most advanced chipmaker|date = 10 April 2018|access-date = 27 August 2019|archive-date = 12 May 2019|archive-url = https://web.archive.org/web/20190512201148/https://in.pcmag.com/chipsets-processors/120341/tsmc-set-to-beat-intel-to-become-the-worlds-most-advanced-chipmaker|url-status = dead}}</ref><ref>{{Cite web|url=https://www.mirror.co.uk/news/world-news/taiwanese-navy-accidentally-fires-nuclear-8730387|title=Taiwanese navy fires NUCLEAR MISSILE at fisherman during horrifying accident|website=[[Daily Mirror]]|date=29 August 2016}}</ref> Young [[tiger]]s are referred to as "cubs", the implication being that the five [[newly industrialized countries]]<ref>{{cite web | url=http://go.worldbank.org/82HTMNT960 | title=The East Asian Miracle Economic Growth and Public Policy | publisher=[[World Bank]] | date=30 September 1993 | accessdate=20 February 2013}}</ref> who make up the Tiger Cub Economies are rising Tigers. In fact, four countries are included in [[HSBC]]'s list of top 50 economies in 2050,<ref>{{cite web | url=http://business.blogs.cnn.com/2012/01/12/worlds-top-economies-in-2050-will-be/ | title=World's top economies in 2050 will be... | publisher=[[CNN]] | date=12 January 2012 | accessdate=20 February 2013 | author=Kevin Voigt |archive-url=https://web.archive.org/web/20120116191938/http://business.blogs.cnn.com/2012/01/12/worlds-top-economies-in-2050-will-be/ | archive-date=2012-01-16 |url-status=dead}}</ref> while Indonesia, Vietnam and the Philippines are included in [[Goldman Sachs]]'s [[Jim O'Neill, Baron O'Neill of Gatley#Next Eleven|Next Eleven]] list of high potential economies because of their rapid growth{{quantify|date=February 2021}} and large population.

[[Overseas Chinese]] entrepreneurs played a major prominent role in the development of the region's [[private sector]]s. These businesses are part of the larger [[bamboo network]], a network of overseas Chinese businesses operating in the markets of [[developing countries]] like Malaysia, Indonesia, Thailand, and the Philippines that share common family and cultural ties.<ref name="Weidenbaum">{{cite book|author=Murray L Weidenbaum|title=The Bamboo Network: How Expatriate Chinese Entrepreneurs are Creating a New Economic Superpower in Asia|url=https://books.google.com/books?id=pcRlgZttsMUC|date=1 January 1996|publisher=Martin Kessler Books, Free Press|isbn=978-0-684-82289-1|pages=4–8}}</ref> China's transformation into a major [[economic power]] in the 21st century has led to increasing investments in Southeast Asian countries where the bamboo network is present.<ref name=FT>{{cite news|last=Quinlan|first=Joe|title=Insight: China's capital targets Asia's bamboo network|url=http://www.ft.com/cms/s/0/67554d8a-920f-11dc-8981-0000779fd2ac.html|newspaper=Financial Times|date=November 13, 2007}}</ref>

==2024 data==
GDP and GDP per capita data are according to the International Monetary Fund's October 2023 data.<ref>{{Cite web |title=https://www.imf.org/external/datamapper/datasets/WEO |url=https://www.imf.org/external/datamapper/datasets/WEO |access-date=2024-02-25 |website=www.imf.org}}</ref>
{| class="sortable wikitable" style="text-align:right;"
|-
! scope="col" rowspan="1" data-sort-type="number" | Rank
! scope="col" rowspan="1" | Country
! scope="col" data-sort-type="number" | Population<br/><small>in million<br/><br/></small>
! scope="col" data-sort-type="number" | GDP Nominal<br/><small>trillions of<br/>USD</small>
! scope="col" data-sort-type="number" | GDP Nominal<br/>per capita
<small>thousands of</small><small>USD</small>
! scope="col" data-sort-type="number" | GDP (PPP)<br/><small>trillions of<br/>USD</small>
! scope="col" data-sort-type="number" | GDP (PPP)<br/>per capita<br/><small>thousands of</small><small>USD</small>
|-
|—
| ! scope="row" style="text-align: left; font-weight: normal;" | {{Flag|ASEAN}}
|| 685.15 || 4.16 || 6.07 || 11.93 || 17.41
|-
| 1
| ! scope="row" style="text-align: left; font-weight: normal;" | {{flag|Indonesia}}
|| 279.96 || 1.54 || 5.51 || 5.51 || 16.84
|-
| 2
| ! scope="row" style="text-align: left; font-weight: normal;" | {{flag|Thailand}}
|| 70.27 || 0.543 || 7.73 || 1.67 || 23.71
|-
| 3
| ! scope="row" style="text-align: left; font-weight: normal;" | {{flag|Philippines}}
|| 114.16 || 0.476 || 4.17 || 1.38 || 12.13
|-
| 4
| scope="row" style="text-align: left; font-weight: normal;" ! | {{flag|Vietnam}}
|| 101.3 || 0.469|| 4.64 || 1.55 || 15.32	
|-
| 5
| scope="row" style="text-align: left; font-weight: normal;" ! | {{flag|Malaysia}}
|| 33.460 || 0.465 || 13.91 || 1.31|| 39.07
|}

== Economies of Southeast Asia ==
{{See also|Bamboo network}}

=== Developing economies of the Tiger Cubs ===
*{{flagicon|Indonesia}} [[Economy of Indonesia]]
*{{flagicon|Malaysia}} [[Economy of Malaysia]]
*{{flagicon|Philippines}} [[Economy of the Philippines]]
*{{flagicon|Thailand}} [[Economy of Thailand]]
*{{flagicon|Vietnam}} [[Economy of Vietnam]]

=== Developed economies of the Four Asian Tigers ===
*{{flagicon|Singapore}} [[Economy of Singapore]]
*{{flagicon|Hong Kong}} [[Economy of Hong Kong]]
*{{flagicon|South Korea}} [[Economy of South Korea]]
*{{flagicon|Taiwan}} [[Economy of Taiwan]]

== See also ==
{{Portal|Indonesia|Malaysia|Philippines|Thailand|Vietnam}}
{{div col |colwidth=20em|small=yes}}
*[[Developing country]]
*[[Flying geese paradigm]]
*[[Lee Kuan Yew]]
*[[Economic miracle]]
*[[1997 Asian financial crisis]]
*[[Miracle on the Han River]]
*[[Taiwan Miracle]]
*[[Four Asian Tigers]]
*[[Asian Century]]
*[[Newly industrialized country]]
*[[Bamboo network]]
{{div col end}}

== References ==
{{Reflist}}

{{Economic miracle and tiger economy}}
{{United States – Commonwealth of Nations recessions}}

[[Category:Tiger economies]]
[[Category:Economic booms]]
[[Category:Late modern economic history]]
[[Category:Economy of Indonesia]]
[[Category:Economy of Malaysia]]
[[Category:Economy of the Philippines]]
[[Category:Economy of Thailand]]
[[Category:Economy of Vietnam]]
[[Category:Tiger Cub Economies| ]]