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PrintAsia Pacific
The “Made in China” tag is no longer only about inexpensive and inferior-quality toys, shoes, and apparels. Slowly but surely, China has been increasing its export of higher-end goods.
Monthly Economic Reviews:
While most developed Asia Pacific economies saw downside risk to GDP growth declining substantially in the first quarter, challenges to growth arose from a recessionary scenario in key developed economies, especially from the European Union.
Major emerging Asia Pacific economies, which picked up growth momentum during the latter half of 2012, struggled to carry forward the economic pace during the initial months of 2013.
Country Profiles:
After battling a severe recession, Singapore is now one of the world’s fastest growing economies.
For the first quarter of 2010, the Japanese economy grew 5% year-on-year. But the second quarter was to be disappointing, with economic growth registering just 0.4% over a year earlier.
The global economic recession that began in 2007 with the collapse of Lehmann Brothers struck down South Korea’s burgeoning economy. Its key automotive industry suffered as customers in the U.S. and Europe cut back on buying and spending.
Economic upheaval: During the recent global recession, the Philippines found that its export industry was hard hit, and remittances also fell, as overseas Filipinos felt the pinch of the economic downturn. Faced with the challenges of declining external demand, the economy of the Philippines grew just 0.9% in 2009.
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Postcards:
China: Imitation to innovation?
The “Made in China” tag is no longer only about inexpensive and inferior-quality toys, shoes, and apparels. Slowly but surely, China has been increasing its export of higher-end goods.
Read more
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Global Players:
John Key – Prime Minister of New Zealand
“We are a country of pioneers. Whether we came by waka, sailboat or aeroplane, we came with the conviction that we could build a new life in this country.” John Key quoted by The Australian Nearly forty years ago, even before he turned ten, John Key knew what he wanted in life. One day, still [...]
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Emerging Leaders:
Anthony Francis Fernandes is a no-frills man, not unlike AirAsia, the airline he founded in the early 2000s. A man of efficiency, he doesn’t even mind shortening his name to Tony Fernandes if it can help save time and effort. But when the no-frills man realized his boyhood dream of owning an airline, millions of his fellow Asians realized theirs too, longing to fly in an airplane at least once in their lifetime.
South Korea & Taiwan Electronics: Race to the Top
The East Asian nations of South Korea and Taiwan have transformed themselves from being the manufacturing backyards of the U.S. and Japan into high-tech giants in just over a generation. Today they are either market leaders or strong contenders for the top spots in manufacturing consumer electronics products.