 | ||
The term Tiger Cub Economies collectively refers to the economies of Indonesia, Malaysia, the Philippines, Thailand and Vietnam, the five dominant countries in Southeast Asia.
Contents
Tiger Cub Economies are so named because they follow the same export-driven model of economic development pursued by Hong Kong, Singapore, South Korea and Taiwan, which are collectively referred to as the Four Asian Tigers. Young tigers are referred to as "cubs", the implication being that the five newly industrialized countries 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, while Vietnam, Indonesia and the Philippines are included in Goldman Sachs's Next Eleven list of economies because of their rapid growth and large population.
Overseas Chinese entrepreneurs played a prominent role in the development of the region's private sectors. These businesses are part of the larger bamboo network, a network of overseas Chinese businesses operating in the markets of Malaysia, Indonesia, Thailand, Vietnam, and the Philippines that share common family and cultural ties. 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.