Tiger Cub Economies

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 (in yellow) consist of five countries, Indonesia, Malaysia, Philippines, Thailand, Vietnam.
Also shown are the original tigers (South Korea, Taiwan, Singapore and Hong Kong) (in red).


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 and Taiwan, along with the wealthy financial centers of Hong Kong and Singapore, 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 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]

2020 data

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
GDP Nominal
per capita
millions of
per capita
 ASEAN 654.3063,173,1414,8498,454,65112,921
1  Indonesia 266.9981,119,1914,1363,329,16912,302
2  Thailand 67.913543,6507,8081,338,78119,228
3  Philippines 108.307376,7963,4851,003,0389,277
4  Malaysia 32.801338.28011,415978.78029,340
5  Vietnam 95.494354,8003,7581,142,17711,677

Economies of Southeast Asia

Developing economies of the Tiger Cubs

Developed economies of the Four Asian Tigers

See also


  1. PAUTASSO, D.; CARDOSO, A. K.. A Nova Ordem Energética Internacional. São Paulo: Escola Superior de Propaganda e Marketing/II Seminário de Iniciação Científica da ESPM – São Paulo: 2013
  2. Rod Davies (16 June 2002). "Asian Marketing, Market Research and Economic Capsule Review". Asia Market Research. Retrieved 20 February 2013.
  3. HOMLONG, Nathalie; SPRINGLER, Elisabeth. Business-Handbuch Vietnam: Das Vietnamgeschäft erfolgreich managen: Kulturverständnis, Mitarbeiterführung, Recht und Finanzierung. Wiesbaden: Springer Gabler, 2013.
  4. "TSMC is about to become the world's most advanced chipmaker". The Economist. 5 April 2018.
  5. "Taiwan's TSMC Could be About to Dethrone Intel". Bloomberg.com. 28 November 2018.
  6. "TSMC set to beat Intel to become the world's most advanced chipmaker". 10 April 2018.
  7. "Taiwanese navy fires NUCLEAR MISSILE at fisherman during horrifying accident". Daily Mirror. 29 August 2016.
  8. "The East Asian Miracle Economic Growth and Public Policy". World Bank. 30 September 1993. Retrieved 20 February 2013.
  9. Kevin Voigt (12 January 2012). "World's top economies in 2050 will be..." CNN. Retrieved 20 February 2013.
  10. Murray L Weidenbaum (1 January 1996). The Bamboo Network: How Expatriate Chinese Entrepreneurs are Creating a New Economic Superpower in Asia. Martin Kessler Books, Free Press. pp. 4–8. ISBN 978-0-684-82289-1.
  11. Quinlan, Joe (November 13, 2007). "Insight: China's capital targets Asia's bamboo network". Financial Times.
  12. "GDP (current US$)". World Development Indicators. World Bank. Retrieved 2 July 2020.
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