Economic miracle
Economic miracle is an informal economic term for a period of dramatic economic development that is entirely unexpected or unexpectedly strong. Economic miracles have occurred in the recent histories of a number of countries, often those undergoing an economic boom, or described as a tiger economy.
Early modern period
- Dutch economic miracle of the 1600s (Dutch Republic's economy in its Golden Age), often considered by many as the very first modern economic miracle.
Post-World War II
See Post–World War II economic expansion.
- Six Asian Eagles (Malaysia, Hong Kong, Singapore, Taiwan, South Korea, and Japan, c. 1950s–1990s)
- Four Asian Tigers (South Korea, Taiwan, Hong Kong, and Singapore, c. 1960s–1990s)
- Japanese economic miracle (c. 1945–1990)
- Miracle on the Han River (c. 1962–1997)
- Taiwan Miracle (1961–2000)
- Four Asian Tigers (South Korea, Taiwan, Hong Kong, and Singapore, c. 1960s–1990s)
- Trente Glorieuses (France, c. 1945–1975)
- Record years (Sweden, c. 1947–1974)
- Wirtschaftswunder (West Germany and Austria, c. 1950s–1970s)
- Mexican miracle (c. 1940s–1970s) (term not used by economists)
- Belgian economic miracle (1945–1948)
- Greek economic miracle (1950–1973)
- Italian economic miracle (c. 1950–1973)
Later
- Spanish miracle (1959–1974)
- Tiger Cub Economies (Indonesia, Malaysia, Thailand, the Philippines and Vietnam, c. 2010s-present)
- Đổi Mới (Vietnam, 1986–present)
- Indonesian economic boom (2001-present)
- Filipino economic boom (1980s-present)
- Brazilian Miracle (1968–1973)
- Chinese economic boom (1978–present)
- Miracle of Chile (c. 1970s–present)
- Mauritian Miracle (1970s-present)
- Massachusetts Miracle (1980s)
- Anatolian Tigers (certain Turkish cities, c. 1980s)
- Gulf Tiger (Dubai city, c. 1990s–2008)
- Indian economic boom (1991–present)
- Celtic Tiger (Ireland, c. 1995–2007)
- Baltic Tigers (Estonia, Latvia, or Lithuania, c. 2000–2007)
- Tatra Tiger (Slovakia, 2002–2007)
Further reading
- Seliger, Bernhard (2010). "Theories of economic miracles" (PDF). Diskurs (01): 1–26.
gollark: Desmos can do ALL things.
gollark: Did it get cracked or something?
gollark: That looks like a TV we had when someone shot it with a bow and arrow.
gollark: The great thing about having only two data points is that you can easily make models which predict your data perfectly.
gollark: Looks perfectly consistent to me!
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.