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Oct 17, 2019 · Economic openness has performed a critical supportive role in Asian development, wherever it was in the form of strategic integration with the world economy, rather than passive insertion...
- 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.
Sep 21, 2023 · Now the region’s economic model is shifting again, with consequences for Asia and for the world. Asia’s long manufacturing boom fostered a wave of trade integration. In 1990, 46% of Asian ...
The economy of Asia comprises about 4.7 billion people (60% of the world population) living in 50 different nations. Asia is the fastest growing economic region, as well as the largest continental economy by both GDP Nominal and PPP in the world. Moreover, Asia is the site of some of the world's longest modern economic booms.
- 4.2% (2023 est.)
- 4.7 billion (60% of world)
- $9,390 (nominal; 2023 est), $17,900 (PPP; 2023 est)
Mar 1, 2024 · ASEAN centrality may provide a counterbalancing force. If Southeast Asia can leverage its scale and diverse strengths, its economy will continue to perform for its people. The diversity within the region is as important to understand as the ways ASEAN seeks to build consensus.
A Growing Global Economic and Financial Footprint. Asia’s economic footprint, in particular Emerging Asia’s, has been growing significantly. Excluding Japan, the region’s share1 of global Gross Domestic Product (GDP) rose from around 10% in 1980 to 36% today (Figure 1).
