The economy of Asia comprises more than 4.5 billion people (60% of the world population) Moreover, Asia is the site of some of the world's longest modern economic booms, starting from the Japanese economic miracle (1950–1990).
The Four Asian Tigers, Four Asian Dragons or Four Little Dragons are the economies of Hong neoliberal policies with the responsibility for the boom, including maintenance of export-oriented policies, low taxes, and minimal welfare states.
The Japanese economic miracle is known as Japan's record period of economic growth between the post-World War II era to the end of the Cold War. During the economic boom, Japan rapidly became the world's second . It postulated that Asian nations will catch up with the West as a part of a regional hierarchy where the.