"ASIAN TIGERS " is the name economists have used for years to describe fast-growing countries in the Pacific Rim. Today, China and India rank among the world's largest economies and are growing faster than many of the smaller original tigers.
But when the tigers were born a few decades ago, India, for example, was the "tiger in the cage—and the cage was bureaucracy, corruption, and protectionism," says Excelsyn Chief Executive Officer Ian Shott, who has traveled to Asia many times during his career. In the mid-1990s, after India agreed to follow international trade and intellectual property (IP) laws, "the tiger was still in the cage, but the gate was open," he adds.

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