development and health differences nics and asian tiger economies [date] today i will: - learn about...

Development and HealthDifferences

NICs and Asian Tiger Economies [Date]

Today I will:

- Learn about what NICs are and be able to explain the rapid industrialisation of the Asian Tiger Economies


Newly Industrialised Countries (NICs) are countries whose economies have not yet reached Developed Country status but have, in a macroeconomic sense, outpaced their developing

counterparts.


Singapore

Hong Kong

Taiwan

South KoreaThe countries of Eastern Asia have seen a massive increase in levels of industrialisation and wealth since the 1960s. They are now called Newly

Industrialised Countries (NICs).

The greatest increase in development has been in South Korea, Taiwan and Singapore which became

known as the “Three Tigers”.


Newly industrialised countries (NICs) are those in which more that one third of

the GDP is from industry.

Asian Tiger Economies are the four Asian economies which have seen a rapid change in development.

http://www.google.co.uk/url?sa=i&rct=j&q=taiwan&source=images&cd=&cad=rja&docid=LdHbpNmVFM06LM&tbnid=PaJ8nVOODFQf5M:&ved=0CAUQjRw&url=http%3A%2F%2Fparadiseintheworld.com%2Ftravel-guide-to-taiwan%2F&ei=mu0lUcbECKO80QWBlYGgDw&bvm=bv.42661473,d.d2k&psig=AFQjCNHWQ4agrNBCrS5y3KEv5ubxZiTN8A&ust=1361526549200578

http://www.google.co.uk/url?sa=i&rct=j&q=south+africa&source=images&cd=&cad=rja&docid=UIQP7lmuoMCnBM&tbnid=iRfv3PsB2O5EJM:&ved=0CAUQjRw&url=http%3A%2F%2Fwww.intrepidtravel.com%2Fsouth-africa&ei=xu0lUdb-NOOt0QXtz4CYDw&bvm=bv.42661473,d.d2k&psig=AFQjCNGJRwYd40WLJqueAhzqFqxN79fdrA&ust=1361526594994286


Environmental Interactions Textbook Work

Tasks:Read pages 168 to 169

1. Make a list of the NICs2. Define the term NIC3. Why have these countries developed so quickly?4. Why have the NICs been so successful?

(Write your ideas in a bullet point list)5. Read the “Case Study on Singapore” from page 171 – 173. Sum up the information

about Singapore in a paragraph.


Case Study: South Korea

Population: 48.4 million (World Bank,

2011)

Life expectancy: 77 years (men), 84 years (women)

Capital: Seoul

http://www.google.co.uk/url?sa=i&rct=j&q=south+korea&source=images&cd=&cad=rja&docid=XnPtHdHgAeBibM&tbnid=kPriZmwrkRyOqM:&ved=0CAUQjRw&url=https%3A%2F%2Fwww.cia.gov%2Flibrary%2Fpublications%2Fthe-world-factbook%2Fgeos%2Fks.html&ei=8_ElUfeDLs2q0AWk5oG4DA&bvm=bv.42661473,d.d2k&psig=AFQjCNHijJjJbS8TrpMFK5pgwntHkl-KsA&ust=1361527665435267


Since the 1970s South Korea has transformed from one of the poorest countries in Asia to one of the richest. They do not have many natural resources, they have little natural resources (e.g. typhoons) and having border conflicts with North Korea.

It has become:- 1st in the world for shipbuilding- 2nd in the world for steelmaking- 3rd in the world for car manufacturing e.g. Hyundai and Kia- 3rd for electrical goods e.g. LG and Samsung

http://www.google.co.uk/url?sa=i&rct=j&q=hyundai&source=images&cd=&cad=rja&docid=quQLp5xN2b3lsM&tbnid=eAr-nmgg_LsTDM:&ved=0CAUQjRw&url=http%3A%2F%2Fwww.hyundai.co.uk%2Fnew-cars%2Fnew-generation-santa-fe&ei=GfglUaKvJ7LB0gXp7YHgBw&bvm=bv.42661473,d.d2k&psig=AFQjCNE7kpiBFHMw8__wcucmoRMta3zHUQ&ust=1361529239428023


Why has South Korea Industrialised so quickly?

It has an educated workforce, able to work in high tech industries and develop new ideas.

“THE vast majority of South Korean youngsters graduate from high school, and of these, 82% go on to university.

This is the highest rate in the OECD and, for a country which had an adult literacy rate of just 22% in 1945, it is

an extraordinary achievement.” (Source: The Economist)

https://docs.google.com/viewer?a=v&q=cache:tnE7Mt_1SnYJ:hdr.undp.org/en/reports/global/hdr1997/papers/jong-wha_lee.pdf+korea+1945+literacy+22+percent&hl=en&pid=bl&srcid=ADGEESjKxnLuOr_PF8at71kuBhvJz5v9Aj_rIqSPFJ-WkNovsXEtHN2fdzrQjLIHGkQbghx0fugEhYMCdmtrGiE7eOfbCqg4woNW5mRa9hO45F83W5TCr-DK7nb6gcG2Wrhr_tQK-60m&sig=AHIEtbRaQtqihDn37FZ5FByDfeQseOvJiQ

http://www.google.co.uk/url?sa=i&rct=j&q=educated+workforce+South+Korea&source=images&cd=&cad=rja&docid=w1cH0dr64qv91M&tbnid=rhjgx8TzExiYNM:&ved=0CAUQjRw&url=http%3A%2F%2Fblogs.cisco.com%2Feducation%2Ffounding-members-of-the-cisco-global-education-leaders-program-drive-education-reform-for-south-korea%2F&ei=9_slUbtG0djRBaq8gJgC&bvm=bv.42661473,d.d2k&psig=AFQjCNFM47qR1MuRMiLKzriS2Uc5NIV1-A&ust=1361530097897760


Quite cheap labour helped its companies to undercut their competitors prices.

http://www.google.co.uk/url?sa=i&rct=j&q=cheap+labour+south+korea&source=images&cd=&cad=rja&docid=i6F2OvBQItkuEM&tbnid=I9_4sQUepD57TM:&ved=0CAUQjRw&url=http%3A%2F%2Fblogs.worldbank.org%2Fcategory%2Fregions%2Fthe-world-region&ei=0PwlUYOpN6er0AWktYC4DQ&bvm=bv.42661473,d.d2k&psig=AFQjCNFRaaJzR4Xn-hT4W-LiGxBmMGKGKQ&ust=1361530443077194


It encouraged foreign companies by giving subsidies and cheap loans.

“US and UK law firms are racing to set up offices in South Korea to feed its corporations' growing demand for legal services, after

the government opened the sector to foreign competition.”

(Source: Financial Times)


Companies were also attracted by its location near the huge market of

China.

Its strategic location on the Pacific Ocean and next to communist North Korea and

China has led to help from the USA.


[Task One] Using the Information you have learned and that on page 11 of the summary notes write two paragraphs on South Korea.

Paragraph One: Introduce what an Asian Tiger Economy is and include some facts on North Korea including why it is surprising that it developed so quickly.

Paragraph 2: Why did it industrialise?

[Task Two] 2001(a) Suggest reasons for the differences in development between Newly Industrialising Countries and other Developing countries. You should refer in your answer to NICs and Developing countries that you have studied. (12 marks)

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