Tiger Cub Economies are so named because they attempt to follow the same export-driven model of technology and economic development already achieved by the rich high-tech industrialized developed country of South Korea and nation Taiwan along with the wealthy financial centers of Hong Kong and Singapore, which are all collectively referred to as the Four Asian Tigers. Young tigers are referred to as "cubs", the implication being that the five newly industrialized countries[4] who make up the Tiger Cub Economies are rising Tigers. In fact, four countries are included in HSBC's list of top 50 economies in 2050,[5] while Indonesia, Vietnam and the Philippines are included in Goldman Sachs's Next Eleven list of high potential economies because of their rapid growth and large population.