Pacific Rim

AAA

DEFINITION of 'Pacific Rim'

A geographic area surrounding the edges of the Pacific Ocean. The Pacific Rim covers the western shores of North America and South America, Australia, eastern Asia and the islands of the Pacific. Much of the world's shipping goes through the Pacific region, especially between China and the United States.

INVESTOPEDIA EXPLAINS 'Pacific Rim'

Many Pacific Rim countries have rapidly modernized their economies in recent years, earning nicknames such as the Four Asian Tigers (Hong Kong, South Korea, Singapore and Taiwan) and the Tiger Cubs (Indonesia, Malaysia, Philippines and Thailand).

RELATED TERMS
  1. Gulf Tiger

    A colloquial term for the glittering city and emirate of Dubai ...
  2. International Investing

    The strategy of selecting globally-based investment instruments ...
  3. Development Economics

    A branch of economics that focuses on improving the economies ...
  4. Developed Economy

    While there is no one, set definition of a developed economy ...
  5. Tiger Economy

    A nickname given to the economies of Southeast Asia. Some of ...
  6. Emerging Market Economy

    A nation's economy that is progressing toward becoming advanced, ...
Related Articles
  1. Economics

    Introduction To Asian Financial Markets

    We look at the history of Asia's financial development and how investors can get involved in these growing markets.
  2. Forex Fundamentals

    What Causes A Currency Crisis?

    Find out what can cause a currency to collapse, and what central banks can do to help.
  3. Mutual Funds & ETFs

    Go International With Foreign Index Funds

    As global trade continues to expand and the world's economies grow, spice up your portfolio with these exciting opportunities.
  4. Bonds & Fixed Income

    Dragons, Samurai Warriors And Sushi On Wall Street

    From samurai to sushi, there's no denying the East Asian influence on investing terminology.
  5. Credit & Loans

    On This Day In Finance: July 2 - Asian Financial Crisis

    in 1997, the Asian financial crisis gains traction as the Thai baht begins to float.
  6. Trading Strategies

    How can retirees protect their wealth in a bear market?

    Look at some helpful hints about how to protect your retirement nest egg when the stock market is underperforming or the economy is in recession.
  7. Credit & Loans

    When is it necessary to get a letter of credit?

    Capitalize on assets and negate risks by using a letter of credit. Letters of credit are often requested for buying, selling or trading.
  8. Economics

    What are some limitations of the consumer price index (CPI)?

    Explore some of the basic limitations of the widely used economic indicator, the consumer price index, or CPI, and examine the criticism of its accuracy.
  9. Economics

    What is the difference between fiscal policy and monetary policy?

    Utilizing founding principles of macroeconomics through both fiscal and monetary policy can have drastic effects on a country's economic state.
  10. Fundamental Analysis

    Can entities other than banks issue letters of credit?

    Obtaining a letter of credit from a non-bank is legally acceptable according to the ICC, but companies tend to prefer to receive them from banks.

You May Also Like

Hot Definitions
  1. Treasury Bond - T-Bond

    A marketable, fixed-interest U.S. government debt security with a maturity of more than 10 years. Treasury bonds make interest ...
  2. Weight Of Ice, Snow Or Sleet Insurance

    Financial protection against damage caused to property by winter weather specifically, damage caused if a roof caves in because ...
  3. Weather Insurance

    A type of protection against a financial loss that may be incurred because of rain, snow, storms, wind, fog, undesirable ...
  4. Portfolio Turnover

    A measure of how frequently assets within a fund are bought and sold by the managers. Portfolio turnover is calculated by ...
  5. Commercial Paper

    An unsecured, short-term debt instrument issued by a corporation, typically for the financing of accounts receivable, inventories ...
  6. Federal Funds Rate

    The interest rate at which a depository institution lends funds maintained at the Federal Reserve to another depository institution ...
Trading Center