Hong Kong, Singapore, South Korea and Taiwan: Oikonomic Welfare States

Abstract

The ‘LITTLE TIGERS'’ REPUTATION AMONGST WESTERNERS (and for that matter with the Japanese) is rich in negatives. Exploitative, unprincipled, uncontrolled; minimalist on welfare, maximalist on profit: the unacceptable face of capitalism indeed, to those feeling themselves on the receiving end of the Tigers' determination to compete and get rich quick. Nevertheless the image is misleading. These are no chance miracles of laissez-faire capitalism unbound. On the contrary, the rise ‘from nowhere’ to world trading notoriety has to an extent been contrived in every case.