The Four Asian Tigers refer to the collective name of South Korea, Singapore, Hong Kong and Taiwan. These countries or regions experienced rapid economic growth in the 1960s and 1970s, but before that they only developed mainly in agriculture and light industry. Chinese country or region. They take advantage of the opportunity of Western developed countries to transfer labor-intensive industries to developing countries, attract foreign capital and technology, use local labor advantages to adjust their economic development strategies in a timely manner, quickly embark on the road of industrialization, and become the economic locomotive of East and Southeast Asia, causing The world is watching. Since the 1960s, Asia's South Korea, Singapore, Taiwan, and Hong Kong have undertaken three industrial transfers from developed countries, mainly the United States and Japan, and have successfully transformed their industrial structures into labor-intensive, capital-intensive, and Capital and technology-intensive industries have transitioned, thus entering or approaching the ranks of developed economies. The high speed and long duration of its economic growth are unique in the world.