The Tiger Cub Economies collectively refer to the economies of the developing countries of Indonesia, Malaysia, the Philippines, Thailand and Vietnam,[1] the five dominant countries in Southeast Asia.[2][3]
The Tiger Cub Economies are so named because they attempt to follow the same export-driven model of technology and economic development already achieved by the rich, high-tech, industrialized, and developed countries of South Korea, Singapore, and Taiwan, along with the wealthy financial center of Hong Kong, which are all collectively referred to as the Four Asian Tigers.[4][5][6][7] Young tigers are referred to as "cubs", the implication being that the five newly industrialized countries[8] 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,[9] while Indonesia, Vietnam and the Philippines are included in Goldman Sachs's Next Eleven list of high potential economies because of their rapid growth[quantify] and large population.
Overseas Chinese entrepreneurs played a major 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 developing countries like Malaysia, Indonesia, Thailand, and the Philippines that share common family and cultural ties.[10] 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.[11]
GDP and GDP per capita data are according to World Bank's July 2020 data.[12]
Rank | Country | Population in million |
GDP Nominal millions of USD |
GDP Nominal per capita USD |
GDP (PPP) millions of USD |
GDP (PPP) per capita USD |
---|---|---|---|---|---|---|
— | ASEAN | 654.306 | 3,173,141 | 4,849 | 8,454,651 | 12,921 |
1 | Indonesia | 266.998 | 1,119,191 | 4,136 | 3,329,169 | 12,302 |
2 | Thailand | 67.913 | 543,650 | 7,808 | 1,338,781 | 19,228 |
3 | Philippines | 108.307 | 376,796 | 3,485 | 1,003,038 | 9,277 |
4 | Malaysia | 32.801 | 338.280 | 11,415 | 978.780 | 29,340 |
5 | Vietnam | 95.494 | 354,800 | 3,758 | 1,142,177 | 11,677 |
See also: Bamboo network |