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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.
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 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 ...
Jul 26, 2019 · Asia is on track to top 50 percent of global GDP by 2040, a statistic that represents a real shift in the world’s economic center of gravity. In this video, Kevin Sneader, global managing partner of McKinsey, explores the ways in which digital disruption has—and will continue to—transform Asia and its place in the world.
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).
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]
