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Oct 17, 2019 · Economic growth drove development. Growth rates of GDP and GDP per capita in Asia have been stunning and far higher than elsewhere in the world. Rising investment and savings rates combined...
- Deepak Nayyar
Sep 22, 2023 · Asia’s robust economic growth and its position as the world’s manufacturing and trade hub give it a critical global role. Asia accounted for 57 percent of global GDP growth between 2015 and 2021. In 2021, Asia contributed 42 percent of world GDP (at purchasing power parity), more than any other region. 4 GDP data from the World Bank.
- Be Asia Relevant
- Rethink The Asian Operating Model
- Protect from and Prepare For Risks
- Forge Stronger Intraregional Collaboration
Firms in Asia and around the world need to consider how to make their business relevant to the world’s largest regional economy, but aspirations and strategy need to be nuanced to reflect different Asian flows, some of which are already global in terms of scale and highly intraregional while others remain relatively underdeveloped. Companies that a...
Asia is a diverse region with complementary characteristics. Firms need to understand the nuances of differences within the region—even down to the level of individual cities—when developing their Asian operating models. They could consider how to unlock opportunities arising from the complementary characteristics of the four Asias through new part...
To make the most of Asia’s growing scale and importance in the world economy, there needs to be a collective effort to sustain growth. Decision makers therefore need to respond to a range of risks including environmental pressures for instance, and fill skills gaps. Asian governments also need to enhance their institutional capabilities.
As Asia continues to integrate, the question is how to build collaboration. The region is not without its political and territorial conflicts, and needs to evolve dispute resolution mechanisms to resolve them. Leaders also should consider how to develop stronger relationships beyond trade—in knowledge, data, and people flows, for instance.
All values, unless otherwise stated, are in US dollars. The economy of Asia comprises about 4.7 billion people (60% of the world population) living in 50 different nations. [1] [2] Asia is the fastest growing economic region, as well as the largest continental economy by both GDP Nominal and PPP in the world. [11]
Sep 21, 2023 · T he phrase “factory Asia” describes one of history’s most impressive economic achievements. Over the past half-century Japan, South Korea, Taiwan and, more recently, China became bustling ...
Oct 18, 2021 · In July 2021, the International Monetary Fund (IMF) forecast that Asia would grow at 7.5 percent in 2021 and 6.4 percent in 2022, compared with 6.0 percent and 4.9 percent for the world. However, the outlook varies within Asia. Economies have been recovering at different speeds.
Jul 24, 2020 · Published: July 24, 2020 8:44am EDT. East Asian countries have looked up to Japan as a model of success. The remarkable economic transformation of Asia in recent decades has attracted global...
