REGIONAL DEVELOPMENTS – ‘Asian Decade’ emerging under the dark clouds of world economic woes
eTN, Jan 31, 2008
Following the onslaught of economic woes and banking losses in so-called “matured” economies and as Asian behemoths China and India becomes world economic powerhouses, is the world finally seeing the emergence of an ‘Asian Decade’.
According to a study by the Institute of Management Development, in its 2007 World Competitiveness Year Book 2007 report for countries with populations of more than 20 million, Asian economic giants China and India are placed among the world’s leading trading countries along with perennial giants the US and Japan. World economists believe, with an economy even larger than China and India, Japan is the “best positioned in Asia” to act in the market place.
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