Asia has been increasing its influence in the world, largely, because of China’s exceptional economic growth. A creative study of the global economy’s centre of gravity, which indicates the average location of economic activity across geographies, showcases that though, in1980, that centre of gravity was the mid-Atlantic, by 2010, it had moved to the east of Helsinki, and, by 2050, it is predicted to be located between India and China (Quah, 2016)
With the pandemic still looming above the global economy, evaluate the factors that will shape the Asian Century in the next year 2022- 2023.
Asia has started to play a growing role as a power house of world economic growth. Afterdecades of very fast economic development, Asia contains some of the richest and largesteconomies in the world. Asia is at the centre of many exciting developments in various typesof technology and digital innovation such as fintech.
Using an Asian technology company of choice, evaluate their growth in the Asian markets.
Answers to Above Questions
The implication of Asia throughout the world has been achieving significant growth and success and the major driving factor is the growth and development in major Asian economies such as China and India. Despite having the adverse effect of pandemic, these Asian economies would contribute towards the overall development of an Asian region by 2050. The primary driving factors that will shape the Asian century in the next year include the increasing acceptance of technological development in the Asian economy, by world economy and the rising influence of China within the Arabic region would further influence the growth of the Asian region as a whole.
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