Chapter 4 Globalization in Asia

Paragraph 5 Japan and other tigers The economy in South East Asia is “booming The economy in South East Asia is “booming” From a backward place in the economies list, to a place in the front row. The Asian countries grow faster than other countries. They take a big jump, like a tiger. Therefor they are called tiger economies

With the opening of SEZ’s, the prosperity in these regions has been growing highly. This attracts people who want to benefit from this prosperity, causing an enormous internal migration. This is the migration from the rural to the urban areas.

Nature in Japan 1.Japan consists of a group of islands 2.All the islands are mountainous, with steep slopes 3.Japan has very few raw materials and no energy sources 4.Japan lies on dangerous fault lines, causing earthquakes and tsunamis

The rise of Japan as an industrial economy Prior to 1970 Japan was the only economically competitive Asian nation. 1.Japan was run by a strong dictatorial government, which started export businesses itself. The government started a low wage economy to compete with the western world. After World War 2 the economy focused on the textile industry, car industry and products with micro technology (chips)

2. Japan has a strong work ethic and a highly educated and skilled workforce. They highly respect their parents and their boss They feel comfortable in groups

Old tiger and tiger cubs Japan has long been the only country with a fast economic growth. Since Asian countries get rapidly industrialized. They are called the new tigers. Because Japan was the first with fast economic growth, it is called the old tiger. The latest group of countries with fast economic growth are the tiger cubs.

China

Patterns in China’s Economic Development The emergence of the Chinese economy has many similarities with the past emergence of the Japan and the ‘four Asian Tigers’ Taiwan, Hong Kong, Singapore, and the Republic of Korea. Even though there are major differences in the economical climate for these tigers they have all gone through a certain development pattern in order to sustain their growth. Private domestic investment, combined with rapidly growing human capital, were the principal engines for growth.

Stragglers The countries which stay behind in economic growth are the stragglers. They have little industry and depend on agriculture.

The green revolution Since the 1950’s Asian countries have a fast growing population. They had to feed more people with the same amount of food. The green revolution offered a solution. New types of rice seeds Instead of 2 rice harvests they have 3, so they can feed more people. The use of fertilizers and pesticides With fertilizers, the soil was made more fertile, which led to more production. The use of pesticides protected the harvest against pests.