Why is Singapore described as one of Asia’s economic “Tigers”?
‘Four Asian Tigers’ is a term given to the economic powerhouses in Asia. It is also known as the ‘Four Asian Dragons’ and refers to the economies of Singapore, South Korea, Hong Kong, and Taiwan. Singapore acquired the title of ‘Asian Tiger’ due to its economic growth rate and its consistent growth over the decades.
﻿Since the 1960s, Singapore has shown a steady economic growth rate and deserves to be called one of the Asian Tigers. Not to forget that this island-city nation is also a developed country.