Economic miracle

Updated on Jan 16, 2024

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Economic miracle is an informal economic term commonly used to refer to a period of dramatic economic development that is entirely unexpected or unexpectedly strong. The term has been used to describe periods in the recent histories of a number of countries, often those undergoing an economic boom, or described as a tiger economy.

Early modern period

Dutch economic miracle of the 1600s (Dutch Republic's economy in its Golden Age), often considered by many as the very first modern economic miracle.

Post-World War II

See Post-war economic boom.

Japanese economic miracle (c. 1945–1990)

Trente Glorieuses (France, c. 1945–1975)

Record years (Sweden, c. 1947–1974)

Wirtschaftswunder (West Germany and Austria, c. 1950s–1970s)

Mexican miracle (c. 1940s–1970s) (term not used by economists)

Belgian economic miracle (1945–1948)

Greek economic miracle (1950–1973)

Italian economic miracle (c. 1950–1973)

Later

Spanish miracle (1959–1974)

Four Asian Tigers (South Korea, Taiwan, Hong Kong, and Singapore, c. 1960s-1990s)

Miracle on the Han River (South Korea, c. 1962-2007)

Taiwan Miracle (1961-2012)

Tiger Cub Economies (Indonesia, Malaysia, Thailand and the Philippines)

Economy of Indonesia under New Order (Indonesia) regime (1968-1997). And falling down since Asian Crisis

Indonesian economic boom (2001-present)

Thai Miracle (2007-present)

Brazilian Miracle (1968–1973)

Chinese economic boom (1978–present)

Miracle of Chile (c. 1970s-present)

Đổi Mới (Vietnam, 1986-present)

Massachusetts Miracle (1980s)

Anatolian Tigers (certain Turkish cities, c. 1980s)

Gulf Tiger (Dubai city, c. 1990s-2008)

Nordic Tiger (Iceland, c. 1990s-2008)

Indian economic boom (1991–present)

Celtic Tiger (Ireland, c. 1995-2000)

Baltic Tiger (Estonia, Latvia, or Lithuania, c. 2000–2007)

Tatra Tiger (Slovakia, 2002–2007)

References

Economic miracle Wikipedia

(Text) CC BY-SA

Contents

Early modern period

Post-World War II

Later

References