THE FOUR ASIAN TIGERS By OLUBIYI OLAYIWOLA SUFYAN (PGD, MBA) Executive Summary The paper x-rays the Four Asian tigers, why businesses need to consider them in the quest for expansion, the importance of the Four Asian Tigers when Selecting a Market for Global Expansion and most especially why developing countries of the world need them. Key words: global expansion, industrialization, economy, infrastructure. Introduction Economies are fast growing and countries are jostling to tapping the advantages of these. Some economies are meeting up while some remain lagging behind. Unfortunately, any economy that fails to tap now may have their economies meeting up “late” or not at all and hence, not developing alongside the next countries of “opportunity” after the four Asian Tigers and thus missing the opportunities of cheap labour, comparative cost advantage, absolute advantage e.t.c. Hence, the necessity for developing countries like Nigeria that has high population with high labour force, and her “businesses”, to tap the opportunity. The Asian Tigers The Asian tigers refer to four of some of the strongest economies in the world that are in Asia. They are Hong Kong, Singapore, South Korea, and Taiwan. These four economies experienced rapid industrialization, sky rocketed and lightning-fast development. Sometimes referred to as the Asian Miracle, these countries each hold opportunities for companies interested in global expansion to unique, thriving economies. They are some of the most vibrant and growing economies in the world. Named after the ferocious beasts native to East Asia, these economies are marked by rapid industrialization, high development, and annual economic growth exceeding 70% between the 1960s and 1990s. Each of these Asian Tigers economies offer tremendous opportunity for businesses that want to tap into strong and vibrant new markets.