Shoppers browse merchandise at a shopping mall on Orchard Road in Singapore on December 23, 2022. In the 1980s, Hong Kong, Singapore, South Korea and Taiwan came to be known as “tiger economies” because of their rapid pace of growth. Photo: Reuters

Shoppers browse merchandise at a shopping mall on Orchard Road in Singapore on December 23, 2022. In the 1980s, Hong Kong, Singapore, South Korea and Taiwan came to be known as “tiger economies” because of their rapid pace of growth. Photo: Reuters