Abstract: This study reviews the economic development strategies of the developing countries. Results indicate that savings, public investment, exporting, labor market competition, and government interventions were the commonly used economic development strategies for the four Asian tigers during the period from 1981 to 2005. Furthermore, China and India adopted strategies similar to that of the four Asian tigers.
We also investigate which strategies are effective in spurring economic development. Results indicate that savings exerted the most significant influence on the economic development for all the countries studied except Singapore and India. Our findings suggest that the economic development strategies used by these more successful countries should be adopted by other developing countries in their quest for economic growth.