DEFINITION of ‘Pacific Rim’
A geographic area surrounding the edges of the Pacific Ocean. The Pacific Rim covers the western shores of North America and South America, Australia, eastern Asia and the islands of the Pacific. Much of the world’s shipping goes through the Pacific region, especially between China and the United States.
BREAKING DOWN ‘Pacific Rim’
Many Pacific Rim countries have rapidly modernized their economies in recent years, earning nicknames such as the Four Asian Tigers (Hong Kong, South Korea, Singapore and Taiwan) and the Tiger Cubs (Indonesia, Malaysia, Philippines and Thailand).