Question

What are the lessons ,the Nigerians will need to learn from the Tigers economies?

Answer 1

Answer:

For more than three decades, the economic performance of the Asian economies, especially the so-called ‘tigers’ — Singapore, Hong Kong, South Korea and Taiwan — has been one of the remarkable features of international economic relations.1 The literature on the ‘Asian miracle’ is vast and evolving. The key issue for scholars is seeking the explanatory variables and key determinants of economic success in the region (Acemoglu et al., 2004). In Nigeria, as indeed in Africa and the rest of the developing world, there is renewed interest in emulating the economic policies that led to the rapid and sustained growth experienced in the Asia Pacific. Many countries in the developing world are seeking to understand the growth dynamics2 sustained in the Asian countries and to find how best to replicate the East Asian experiences in their quest for economic growth and development.3

Explanation:

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