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The Golden Rule of Education: How did the Four Asian Tigers create a high-quality workforce?
Over the past few decades, the Four Asian Tigers—Hong Kong, Singapore, South Korea and Taiwan—have become famous for their astonishing economic growth and high-quality human resources. These regions have successfully shaped a high-quality workforce through their export-oriented industrialization policies and strengthened education systems, becoming a model for other developing countries. How did the four little dragons achieve their economic miracle?
Rapid industrialization
Since the 1950s, the four little dragons have undergone rapid industrialization. While maintaining a high growth rate of over 7%, these regions have also successfully achieved a high degree of equality in income distribution. According to a report, the economic miracle of the four little dragons is mainly attributed to export-oriented policies and strong development policies.
"Education has played a vital role in the Asian economic miracle."
The core position of education
The investment of the four little dragons in education is undoubtedly one of the key factors for their success. All countries achieved universal primary education, and by 1965, school enrollment rates in all four countries were higher than expected. In South Korea in particular, the secondary education enrollment rate reached 88% in 1987. The popularization of education has led to high levels of literacy and improved cognitive abilities, providing strong support for economic growth.
Macroeconomic stability
Each of the four tiger countries has successfully managed three important macroeconomic variables: budget deficit, external debt and exchange rate. Through effective government intervention and policies, each country's economy has remained relatively stable in the face of external shocks.
"State intervention had a major impact on the East Asian growth miracle."
Export policy and the global economy
The export policy of the four little dragons can be said to be the fundamental reason for their prosperity. Hong Kong and Singapore have established links with international markets through free trade trade regimes, while South Korea and Taiwan have adopted mixed policies to promote their export industries. These strategies have not only made domestic industries more competitive, but have also helped these four countries gain a foothold in the global economy.
Resilience in the face of financial crisis
However, the four little dragons have also experienced the challenges of multiple financial crises, such as the Asian financial crisis in 1997 and the global financial crisis in 2008. Despite the devastation they suffered, the four little dragons were able to recover quickly, thanks to their high savings rates and open trade policies.
The influence of culture and values
Many analysts point out that Confucian culture has had a significant impact on the success of the four little dragons. Confucian culture emphasizes diligence, discipline and respect for authority, which complement industrialization and promote social stability and economic development.
Conclusion"Confucian philosophy provided the cultural foundation for the development of these countries."
The achievements of the four little dragons were by no means accidental, but the result of a combination of factors, including economic policies, education investment and cultural values. How these regions find their own position in the wave of globalization has once again inspired the development ideas of countless other countries. So, how can today's developing countries learn from the successful experiences of the four little dragons and bravely pursue their own economic miracles?
