Question

For international Business course please ansewr the below in details and please put useful referencess below the answer

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

Asia is a continent divided into East Asia, West Asia, North Asia, and South Asia. The economy of each part is different than the other. East Asia generally includes countries like China, Japan, North Korea, and South Korea. The economy of Japan is free and capitalistic. It focuses on the profits of the businesses. The country stands at the third position for the manufacturing of reliable cars, and electronics.

On the other hand, the Chinese economy is more of a socialist nature. Socialist economy deals with the benefit of the society at large. It is one of the fastest economies in the world. The economy of North Korea depends upon the commands of the dictator. On the other hand, West Asia's economy is diverse and experience high economic growth. The part consists of Saudi Arabia and Iran. Petroleum is the countries' original and economical product, as it helps them grow and develop. The pet mainly consists of oil reserves and fuels. South Asia includes countries like Pakistan and India. The economies mainly depend on the primary and agricultural activities for the growth. Manufacturing also plays a vital role in these economies. The next part is North Asia. North Asia includes countries like Russia. The economy of Russia is depleting, or the growth is decreasing. The countries also require changes in the major currencies so that they can have an impact on the GDP growth. The economy of Asia at large is developing, and the GDP rate is also increasing.

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