Asian economy overview

Almost 60% of the planet's population live in Asia. At the time of counting we're talking about 4.2 billion people. That's a vast number of people, many of whom are working hard towards ensuring the economies of their respective countries flourish – or at least ride the uneasy currents of the post global meltdown.Asian economy
These billions of people are spread across 46 different nation states, and together they form the world's fastest-growing economic region. The largest Asian economy is that of China, the formerly insular sleeping giant that has undergone a radical transformation in recent years. In global terms, China's trading prowess is only bettered by the United States of America.
Asian economies have seen some spectacular booms in recent years. South Korea underwent the so-called 'Miracle of the Han River', between 1961 and 1996. During this period its economy expanded from around 30 billion in the early 1960s to a figure approaching a trillion dollars by the end of the 20th century. Other Asian countries that have enjoyed similar booms include Japan, who underwent its so-called economic miracle up until the 1990s, and China, which continues to enjoy an expansion in its commercial prowess.
Asia in no different to any other part of the world in that its component parts differ vastly in terms of wealth and trading clout. The reasons for this are many and varied themselves. The sheer size of Asia means that countries vary tremendously in their industries and potential workforces and work practices. Added to this equation are factors such as cultural differences, environments, historic ties and variations in types of government and economic infrastructure.
In terms of gross domestic product, the largest economies in Asia are China, Japan, Russia, India, Indonesia, the Philipines, Thailand, Malaysia and Singapore. For all that these neighbouring countries are separated by often vastly diverse cultural and sociological make-ups, there are many constants that are equally likely to create the ideal conditions for sustainable and profitable trade partnerships. The increasing utilization of technology, that had the ability to transcend national frontiers, means that many enterprises are integrating across cyberspace, with project teams straddling nations in a way that political entities can only dream of.
When it comes to trading, firms are turning to the global marketplace via the so-called information superhighway (the web to you and I). This is the virtual arena where companies can advertise their wares and make large amounts of capital without the need to operate at ground level. As Western nations increasingly turn to the Far East, with its strong emphasis on value for money and customer-orientated service, trade routes and the possibilities for commercial union will become ever more diverse.
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