Emerging Markets In Asia. Essay

1392 words - 6 pages

Emerging Markets in AsiaUniversity of PhoenixJanuary 8, 2004Emerging Markets in AsiaOver the past decade the world has witnessed rapid long-term economic growth for East Asian countries. These newly developing countries are experiencing growth rates in GDP between 6% and 7%, compared to the 2% to 3% for most industrial economies. If this growth continues, South Korea and Taiwan could take away America's distinction as the world's richest country. This rapid economic growth is a result of several economic and political factors. The current pace of economic growth, expanding trade and communications, and the investment in equipment and education have all played a role in the sudden rise of the East Asian economies.One primary factor that has spurred the long-term economic growth of South Korea and Taiwan is the pace of economic development. The pace has accelerated over time. As time progresses, countries seem to be able to grow at a much more rapid rate. South Korea was able to double its real income per head in an amazing 11 years from 1966 to 1977. It would seem that the later a country has developed, the faster it has been able to do so. Another important factor is the degree to which a country is behind the industrial leaders. In the case of the East Asian countries, South Korea and Taiwan, both started out with an extremely low income per head. This lag-time allowed much faster growth when learning from the leaders previous mistakes and successes. Another important issue is to realize that these growth rates should slow as the countries catch up.An area in which East Asia is investing much of its GDP is in capital equipment and education. Compared to the industrial leaders, the East Asian countries have sustained a much higher investment in these areas. South Korea invests 35% of its GDP back into industry, which is more than double America's capital spending. The East Asian countries have placed much emphasis on education. Education is the key to mastering the technology efforts, which they have been borrowing from the economic leaders of the world. The standards of education for these countries have improved as rapidly as their economies.Another factor, which has helped the long-term economic growth of these East Asian countries, is the global market. A country's economy is no longer hurt by a small domestic market. World trade has grown tremendously over the past few decades. Exports account for about 30% of South Korea's, and 40% of Taiwan's GDP. This growth in world trade has allowed technology to become more available today than in the past. The growth in international communications has helped spread new technology throughout the world.Vietnam was the latest among East Asia countries to emerge as a powerful developed country. However economic progress was retarded by presence of the Vietnam War during the 1960's and the 1970's. The war practically crippled the country's economy. Post-war rebuilding efforts have brought moderate success...

Find Another Essay On Emerging Markets in Asia.

Carrefour: Abandoning Russia Essay

1347 words - 6 pages countries in Asia and Latin America might lead to easing investor pressure to deposit these valuable assets, which would be a very short-term decision. Carrefour is also investigating opportunities for operating in India. Carrefour’s experience in Russia will probably affect other international retailers considering interring the Russian market. Multinational food retailers dip their toes in emerging markets In June 2009 Carrefour, the world’s

email Essay

3648 words - 15 pages accelerated the shift by 5 to 10 years, giving the chance to the emerging markets to climb to the top economies. The other N11 countries, Egypt, Bangladesh, Iran, Philippines and Pakistan it is not likely that they will overtake any of the G7 economies in the following years but they will still contributing on global economy. These days Asia is experiencing a strong growth which gives a push in the demand of raw materials and fuel that are


653 words - 3 pages After several centuries Asia had been left behind by US and Europe, now Asia is currently emerging. Some analysts have predicted that Asia will soon be the most dominant continent in the world. Despite its rise, Asia has faced one important challenge: “An Integrated Transformation of Emerging Asia”, in which can be achieved by having effective human empowerment. Asia lacks of human empowerment because there is still a great inequality, high

Core Competencies

937 words - 4 pages Luljeta MalotaProfessor MajidiInternational BusinessNovember 1st, 2014Article #13In this article, we see the comparisons and contrasts that are inside established multinational corporations, based in developed markets, with emerging MNC's, based in emerging markets. The authors segment the market in developing economies into three tiers: premium, economy and rural. In contrast, Khanna and Palepu, authors of Winning in Emerging Markets, divide

Commanding Heights The documentary was split into 23 chapters of which we only covered up to chapter 18. The beginning of the documentary focused on the Global Idea.

963 words - 4 pages in Asia. France was afraid, and still is, that their laid back culture was at risk due to this Globalization of the world. Third world countries were now to be called "emerging markets," as now they were all included in the whole world market system. "Emerging market hunters" like Mark Mobius goes into the emerging countries to capture their growth and make money for his investors. America encouraged emerging countries to join the global market


3176 words - 13 pages Do N ot Co py or Po st This document is authorized for use only by Simmi Prasad Prasad at St. Francis Institute of Management and Reserch until August 2013. Copying or posting is an infringement of copyright. Permissions@hbsp.harvard.edu or 617.783.7860. HBR.ORG May 2012 reprinT r1205J The Globe How to Win in Emerging Markets: Lessons from Japan by Shigeki Ichii, Susumu Hattori, and David Michael Do N ot Co py or Po st This document is

World Manufacturing

2963 words - 12 pages strong hold, European countries realized that the market mechanism had failed and stepped in with a number of policy measures which have produced some visible results. Europe's manufacturing has been on the rise for over six months already, while North America and East Asia are making impressive contributions to the growth of industrialized countries. Developing and emerging industrial economies Developing and emerging industrial economies2

Texas Instruments in South Korea

1333 words - 6 pages future upgrades. This analysis will evaluate South Korea as an emerging market and TI’s opportunity to become a foreign direct investor within the country. The assessment will conclude with an evaluation of three market forces affecting TI’s strategy in South Korea and determine if such a strategy would be viable in other emerging markets such as Mexico. Assessment Foreign direct investment (FDI) represents an investment from a company into

Citibank Credit Cards

1373 words - 5 pages IntroductionCitibank's Asia Pacific Consumer Bank has thought of launching credit card business as a way of growing future revenues. Card could prove to be excellent way to overcome distribution limitations imposed on Citibank, on the other hand, the management of New York questioned the wisdom of issuing cards in the markets. Now Citibank Asia Pacific Consumer Bank has to establish plausible strategies for issuing cards such as positioning

The Huawei Company and International Business

2141 words - 9 pages with other companies in different business environments. However, there are many issues involved with how MNEs operate well overseas, especially in emerging markets (EMs) (Cavusgil et al., 2013, p.5). This paper provides the relevant knowledge of international business to examine and analyse the key issues for Huawei in its business and the international market place. Firstly, a brief introduction of Huawei will be given and its main drivers in

Focusing on Global Thinking

1755 words - 7 pages markets, costlier capital, a greatly expanded role from governments, a much larger burden of regulation and taxation for all, and maybe even increased protectionism. (Ghemawat 56) These are exactly the types of things the business world must begin to play closer attention to. This may even mean a greater focus on home markets than in recent years. Losing focus on the global economy is almost guaranteed to hurt in the long run, especially as emerging

Similar Essays

Finding Opportunities In Emerging Markets Essay

1451 words - 6 pages a copycat firm who is in clear violation of intellectual property rights of a rival firm. The analysis will address the author’s perspective on how such a situation can be handled. Assessment Copycat firms within emerging markets (such as Lenovo, Acer and Tata) can be considered learning firms. Copycats essentially learned how to conduct business from an already successful business model. Their ability to transform learning into a viable

Implications For International Firms In Emerging And Developing Markets:

1939 words - 8 pages Comprising a significant section of the global economy, including approximately 4.8 billion people Emerging markets I are seen in recent times as being an particularly important growth source for multinational corporations (Akbar and Samii, 2005). Emerging market expansions are attractive strategies for multinational corporations due to the lure of potential capital gain and further expansion, however there are several risks associated with the

The Market Of Azerbaijan Republic: A Transition Economy

1389 words - 6 pages necessary insight about how can be successful in this market. The term emerging markets is used to define markets of developing countries that grow very rapidly and that are in the process of industrialization. This term covers many countries in large geographic area from Latin America to Asia. These countries are neither fully developed, nor the newly industrialized countries. The main characteristics of these countries are that their economies

An Analysis Of The Emerging Bond Market

1841 words - 7 pages bond market has grown from 3.2% in 1995 to 7.9% in 2006. The largest emerging bond market is in Asia. Asian bonds countries constitute 50% of the emerging bond markets. Latin America has 30% and the rest of the countries in the world share 20% amongst themselves.The tradable percentage of total emerging bonds outstanding increased from 75% in 1995 to 80% in 2000. Tradable emerging market bonds are valued at approximately $3.59 trillion at the end