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Moreover, the defeat of inflation and predictability in financial policies' stance was caused by adopting responsible fiscal and monetary policies in the late 1990s. Thus, the foundations of impressive growth performance were laid because first-generation structural and institutional reforms were achieved. In 2022, similar double-digit economic growth has been observed; in particular, a 14% GDP growth has been estimated as a result of such factors as the influx of foreigners (mainly
Russians) due to
275:
grown by double-digit rates annually on average—similar to the East Asian tiger economies—and maintained high growth rates even before. Armenia quickly recovered from the output shock experienced by transition economies. Dating from 1994, its upturn in output reaches to the experience of the Baltic States and
Central Europe and precedes by four to five years the recovery in the rest of the former Soviet Union (FSU). Armenia's growth was caused by productivity gains in the
20:
937:
163:. Because of the remarkable, often two-digit economic growth that Armenia showed until the 2007–08 financial crisis, it emerged as the Caucasian Tiger. During this period, sustained economic growth allowed for economic stability, moderate fiscal deficits and external debt, as well as declining poverty rates.
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The establishment of macroeconomic stability and the steadfast pursuit of reforms aimed at constructing a market economy that was integrated with the rest of the world are to be attributed for
Armenia's emergence as the Caucasian Tiger. During the five years preceding 2007, the Armenian economy has
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as macroeconomic stability took hold; Armenia rapidly expanded the role of private markets, and it adopted necessary institutional measures to ensure free price formation, private ownership of assets (including land), and industrial restructuring, liberal trade in goods services and investment.
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has been described as an emerging "Asian tiger" in recent years due to its high economic growth and industrialization which bear many similarities to the way the Four Asian Tigers industrialized between the 1960s and 1990s.
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151:'s rapid economic growth in the 1990s, and again in the 2000s and 2010s following a brief recession, earned it a reputation as a tiger economy, and one newspaper dubbed it the "Hebrew tiger."
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were considered as the "Tiger of Asia" Economies as all three countries were experiencing high growth. Internal issues however led to the economies of all three countries to falter.
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Saumya, Mitra; Douglas, Andrew; Gohar, Gyulumyan; Paul, Holden; Bart, Kaminski; Yevgeny, Kuznetsov; Ekaterine, Vashakmadze (2007).
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Mitra, Saumya; Andrew, Douglas; Gyulumyan, Gohar; Holden, Paul; Kaminski, Bart; Kuznetsov, Yevgeny; Vashakmadze, Ekaterine (2007).
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is used as an analogy to describe emerging economies in Africa. Countries considered to be "African Lions" are
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GDP per capita for the Four "Asian Tigers" (Singapore, Hong Kong, Taiwan and Korea) between 1960 and 2014
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There is a term
European Tiger which describes countries in Central and Eastern Europe, such as the
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380:"Israel continues to fall behind developed world in education, employment and productivity"
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has been used to describe fast-growing & emerging economies in Latin
America such as
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433:"The fifth Asian Tiger: can Bangladesh become the latest economic success story?"
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508:"How to avoid the middle-income trap: Lessons from Poland, a European Tiger"
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494:"Czech Republic is European 'tiger' economy with 4.4 percent growth"
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The
Caucasian Tiger : Sustaining Economic Growth in Armenia
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87:). The Asian Tigers also inspired other economies later on; the
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The
Caucasian Tiger: Sustaining Economic Growth in Armenia
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are important in Asian symbolism, which also inspired the
678:"2022 Armenia economy: an interview with Vahan Kerobyan"
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Israel: Challenges to
Identity, Democracy, and the State
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480:"The era of the 'East European Tigers' might be over"
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31:is the economy of a country which undergoes rapid
342:for an example of the term applied to Slovakia -
322:A definition of Tiger Economy is provided by the
572:"Economic power of the 'African lions' tallied"
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464:: CS1 maint: multiple names: authors list (
258:The term "wolf economy" is used to describe
35:, usually accompanied by an increase in the
16:National economy that undergoes rapid growth
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39:. The term was originally used for the
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522:"Romania - the new European tiger"
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604:Agency, The New Media Marketing.
413:Garber, Jonathan (7 April 2017).
159:Another tiger economy is that of
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570:Beaugé, Florence (8 June 2010).
676:Eurasia, Special (2022-10-25).
399:Jones, Clive and Murphy, Emma:
366:"Revisiting 'Breakout Nations'"
344:The End of the Economic Miracle
1:
454:. Washington, DC: World Bank.
415:"There's a new 'Asian Tiger'"
326:Online Dictionary, available
951:. You can help Knowledge by
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419:Business Insider Australia
653:10.1596/978-0-8213-6811-4
606:"Ganhuyag Chuluun Hutagt"
349:17 September 2009 at the
282:the Russian-Ukrainian war
119:) in 2000–2007, and the
943:This article about the
610:Ganhuyag Chuluun Hutagt
537:"The sun shines bright"
294:Chinese economic reform
682:www.specialeurasia.com
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899:United Arab Emirates
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111:) in 1995–2000, the
103:) in the 1990s, the
95:) in the 1980s, the
630:The Caucasian Tiger
544:. 3 December 2011.
304:Tiger Cub Economies
270:The Caucasian Tiger
262:'s rapidly growing
109:Republic of Ireland
91:(certain cities in
65:Tiger Cub Economies
482:. 29 October 2021.
439:. 7 December 2017.
338:See this essay by
135:In the 1960s, the
37:standard of living
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741:Post-World War II
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496:. 28 August 2015.
191:The Pacific Pumas
186:Similar economies
127:) in 2002–2007.
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685:. Retrieved
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615:18 September
613:. Retrieved
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587:. Retrieved
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225:South Africa
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105:Celtic Tiger
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880:Philippines
823:Later years
794:South Korea
137:Philippines
121:Tatra Tiger
85:Philippines
45:South Korea
992:Categories
687:2022-12-09
437:Young Post
310:References
153:Bangladesh
97:Gulf Tiger
870:Lithuania
855:Indonesia
789:Singapore
769:Hong Kong
584:0261-3077
550:0013-0613
460:cite book
324:Macmillan
249:Mauritius
212:The term
141:Sri Lanka
69:Indonesia
57:Singapore
53:Hong Kong
890:Thailand
885:Slovakia
875:Malaysia
347:Archived
288:See also
260:Mongolia
241:Botswana
207:Colombia
125:Slovakia
83:and the
77:Thailand
73:Malaysia
945:economy
920:Vietnam
860:Ireland
845:Estonia
754:Belgium
749:Austria
264:economy
253:Tunisia
233:Algeria
229:Morocco
217:economy
180:Romania
172:Hungary
161:Armenia
145:Myanmar
131:History
81:Vietnam
895:Turkey
865:Latvia
830:Brazil
809:Taiwan
804:Sweden
784:Mexico
764:Greece
759:France
659:
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403:, p. 3
251:, and
205:&
195:Mexico
176:Poland
149:Israel
93:Turkey
61:tigers
55:, and
49:Taiwan
947:is a
903:Dubai
850:India
840:China
835:Chile
799:Spain
779:Japan
774:Italy
245:Egypt
237:Libya
199:Chile
101:Dubai
59:) as
949:stub
731:and
657:ISBN
617:2017
591:2017
580:ISSN
557:2017
546:ISSN
466:link
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215:lion
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