Newly Industrialized Economies
Japan's relationships with the newly industrialized
(NIEs) of South Korea, Taiwan, Hong Kong, and Singapore,
often called the Four Tigers, were marked by both
competition. After the early 1980s, when Tokyo extended a
financial credit to South Korea for essentially political
Japan avoided significant aid relationships with the NIEs.
Relations instead involved capital investment, technology
and trade. Increasingly, the NIEs came to be viewed as
rivals in the competition for export markets for
goods, especially the vast United States market
(see International Economic Cooperation and Aid
, ch. 5).
Data as of January 1994