In the 1970’s and 80’s, there was so much business activity in Singapore, Hong Kong, Taiwan, and South Korea they were dubbed the Four Asian Tigers. Based on per capita income, Singapore and Hong Kong achieved advanced economic status in the late 80’s, Taiwan followed in 2010, Korea, however, has lagged far behind. Research into this disparity shows that social trust could be key to economies of the future. HPR’s Noe Tanigawa reports.
Professor Yul Kwon presents his findings on “The Effects of Cultural Differences in Economic Development among the Four Asian Tigers” as part of the UH Manoa Center for Korean Studies Colloquium series.