The term Tiger Cub Economies collectively refers to the economies of Indonesia, Malaysia, the Philippines, Thailand and Vietnam, the five dominant countries in Southeast Asia. Tiger Cub Economies are so named because they follow the same export-driven model of economic development pursued by Hong Kong, Singapore, South Korea and Taiwan, which are collectively referred to as the Four Asian Tigers. Young tigers are referred to as "cubs", the implication being that the four newly industrialized countries who make up the Tiger Cub Economies are rising Tigers. In fact, all four countries are included in HSBC's list of top 50 economies in 2050, while Vietnam, Indonesia and the Philippines are included in Goldman Sachs's Next Eleven list of economies because of their rapid growth and large popula