This paper is published in Volume-4, Issue-1, 2018
Area
Sociology
Author
Nikhil Bhatia, Ishan Gupta
Org/Univ
Christ University, Bangalore, Karnataka, India
Pub. Date
31 January, 2018
Paper ID
V4I1-1268
Publisher
Keywords
Asian Dragon, International Economic System, GDP.

Citationsacebook

IEEE
Nikhil Bhatia, Ishan Gupta. The Four Asian Dragon's Significance in World Economic Development, International Journal of Advance Research, Ideas and Innovations in Technology, www.IJARIIT.com.

APA
Nikhil Bhatia, Ishan Gupta (2018). The Four Asian Dragon's Significance in World Economic Development. International Journal of Advance Research, Ideas and Innovations in Technology, 4(1) www.IJARIIT.com.

MLA
Nikhil Bhatia, Ishan Gupta. "The Four Asian Dragon's Significance in World Economic Development." International Journal of Advance Research, Ideas and Innovations in Technology 4.1 (2018). www.IJARIIT.com.

Abstract

This paper analyses the contribution of four Asian Dragons towards International Economic System from 1965-2017 and reveals insight into related trends and patterns. The paper shows how four Asian dragons (Singapore, Taiwan, South Korea, and Hong Kong) have grown since Independence to Industrialisation. Lastly, reasons for their slowing growth. This study is divided into four parts. Firstly, the growth pattern of GDP and Exports in these countries. Secondly, factors leading to this growth. Thirdly, how Industrialisation of four dragons helped world economy during currency fluctuations and recession. Fourthly, reasons for declining growth of these nations. The study discusses the challenges facing four Dragon’s sharply declining growth rate and proposes policy approaches that might help boost the country’s growth in the future.