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The export performance of these East Asia economies has been particularly dramatic, with their share of world exports of manufactures leaping from 9 per cent in 1965 to 21 per cent in 1990, thus significantly outperforming the industrial economies and the oil-rich Middle East-North Africa region (World Bank, 1993). Most of this achievement was attributable to six economies: Japan, Hong Kong, the Republic of Korea, Singapore, Taiwan, and China; and the three newly industrializing economies of South East Asia, Indonesia, Malaysia, and Thailand.
Real income per capita also increased more than four times in Japan and the Four Tigers (Hong Kong, Korea, Singapore, and Taiwan), and more than doubled in the South East Asian newly industrialized economies...
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