Asian Tigers, NICs Flashcards Preview

Development and Globalisation > Asian Tigers, NICs > Flashcards

Flashcards in Asian Tigers, NICs Deck (8)
Loading flashcards...
1

Which countries are classed as the Asian Tigers?

Taiwan, South Korea, Hong Kong and Singapore

2

What was the important factor in the growth of these countries?

Investment from TNCs

3

Name 3 reasons why TNC based themselves here...

Low labour costs
Reduced trade tariffs
Less strict environmental, labour and planning laws

4

When manufacturing became successful, what did manufactures then start to do?

Produce higher value goods that were more expensive to make but more profitable when sold

5

What was the workforce of the Asian Tigers like?

Highly skilled and educateds

6

Hong Kong's GNI per capita grew from $1800 in 1973 to...

$32,950 in 2008

7

To keep costs low, what did TNCs begin to do?

They moved their production to other, less developed countries

8

The growth of manufacturing in less developed countries from both new and established TNCs created what...

A second wave of NICs