Question

For international Business course please ansewr the below in details

I want a report on the economic differences in the continent of Asia and the econmic characteristics of each parts. if Asia is divided into several Parts (West Asia, East Asia, South Asia, Southeast Asia and Central Asia).

Answer 1

Answer :- Economy of the aisa.

Economy of Asia comprises of almost 4.5 billion people which is 60% of total population of the world. It is one of the fastest growing economy in the world. It has site of some biggest economic boom such as economic boom in India (1991 till now), miracle of han river in South Korea ( 1961 -1996) , Japanese economic miracle (1950-1990).

Wealth of Asia is differ widely between countries and different states because of culture, environment, government system and it's bigger size of landscape. Largest economy in terms of gross domestic product are Japan, India, china, turkey,south arabia ,Iran ,taiwan and Thailand. While the maximum wealth of Asia is concentrated in India, East aisa and southeast Asia. If we measure in GDP per capita in East Asia ( south Korea, Hong Kong, Singapore, japan. Oil rich countries are located west Asia (Qatar, United States Emirates, Bahrain, kuwait, oman and Saudi Arabia) Turkey as well as Israel is the one of the most important economies of West Asia. Israel have various different industries and manufacturing units. Turkey is emerging economy . Taiwan is comprises hi -tech parts manufacturing and light industries. Japan has heavy industries and electronics manufacturer. While Singapore is known for tourism, biotechnology, finance and business, hi -tech manufacturing units.

East Asia (ASEAN) depend on manufacturing and trade. It is developing hi tech manufacturing units and finance system. Middle East rely on engineering to confront climatic condition for economic growth. Manufacturing of commodities for economic growth such as crude oil . Asia has acquired $ 8.5 trillion of foreign exchange reserve over the years through trade surplus.