DEFINITION of 'Tiger Cub Economies'
The four Southeast Asian economies of Indonesia, Malaysia, the Philippines and Thailand. Tiger cub economy indicates that these economies are on a similar, albeit slower, growth trajectory as the original Asian tigers: Hong Kong, Singapore, South Korea and Taiwan.
BREAKING DOWN 'Tiger Cub Economies'
The tiger cub economies have significant disparity in characteristics, such as their size, development and economic growth model. Indonesia is the largest of the tiger cub economies, with a population of more than 235 million, making it the world's fourth-most populous nation, with a gross domestic product (GDP) in excess of $500 billion. On the other hand, Malaysia has a population of only 28 million, but had per-capita GDP on a purchasing power parity basis, of $13,800 in 2009; thrice that of Indonesia.