Although the rapidly growing economy has completely flipped China upside down, the economic growth has started to slow down. Even though business insiders like Henry Wong say that “A slowdown is a very natural phase of any business or economic cycle,” the rest of the world continues to worry about the future of China’s economy. I think that it is not surprising that China's economy has started to slow down because like the saying anything that goes up must come back
Why is there many migration happening in Hanoi which is the capital city of Vietnam? In Hanoi, there are lots of people who are Vietnamese. Also, there are people who are from the other countries because of the business(work). The Vietnam is the second largest provinces in Vietnam on population and the population of migrating in Vietnam to other countries is increasing that Vietnam is the fouth largest foreign born population in Asia. The main reason of why Vietnamese had migrated to different countries is the Vietnam war.
In recent years, Vietnam’s export markets have experienced large shifts from Europe to Asia and the United States. According to WTO, (2007), the share of exports to Asian countries rose from 22.6% in 1986 to 50 per cent in 2005, whereas that to European countries shrank from 55.6 per cent to only 18.6 per cent during the same period. In particular, after the normalization of US-Vietnam relations in 1995, and the Vietnam-US bilateral trade agreement came into effect in 2001, Vietnam’s exports to the United States relative to its total trade increased dramatically, from 3.65 per cent in 1995 to 7.01 per cent in 2001, and 21.63 per cent in 2006 (Kien and Heo,
Singapore has witnessed immense economic growth since its independence in 1965. The nation’s GDP increased exponentially, new industries were brought into the scene, and the country became more competitive in the global market. However, the nation’s incessant economic restructuring has come at a cost of severe income inequality. With her Gini-coefficient for income increasing exponentially from 0.422 in 1980 to 0.473 in 2011, Singapore’s income inequality has become a major concern. If left untreated, the income inequality poses social, political and economic challenges.
The government policies encouraged the privatization of agriculture, the wholesale urbanization of China’s rural population, the development of tens of thousands of small-scale rural industries and an influx of international investment. The results have been staggering: hundreds of millions of Chinese have been lifted out of poverty; China’s economy continues to grow at a rate of 8–12 per cent annually, as it has for two decades and by the end of 2005, China was the fourth largest economy and third largest exporting nation in the world, after the United States and
They have made rapid industrializing regions since 1945. While many publications still classify the Four Tigers as “emerging markets”, they have in fact already emerged, as indicated by their having achieved high-income classification by the World Bank and for more than a decade. The Republic Korea, more commonly known as South Korea, was born of the Cold War, which left the Korean peninsula divided into communist North Korea and capitalist South Korea. Since the end of the Korean War in 1953, South Korea has been one of the world’s fastest-growing economies. Merchandise exports accounted for 44% of its 2009 GDP of $833 billion.
The GDP growth rate and employment rate peak up during the expansion phase while the economy reaches its low point during the contraction phase. These business cycles help an economy to get rid of companies that have lost their relevance. The central banks around the world try to moderate economic cycles through various policy tools to maintain the trend growth rate of countries. The IT bubble of 1997--2001 and housing led economic boom of 2003-2008 are two recent examples of global business cycles. The economic landscape of the world includes extremely wealthy countries whose per capita GDP is almost 60 times more than that of bottom 10% countries.
(iv) Growth of industry Growth of industry means sector of an economy that is developing particular rapidly. Growth of industry will bring profits to the country (business dictionary, 2017). South Korean economic development South Korea has rapid and sustained economic growth. Since the 1960s when South Korea’s gross domestic product (GDP) per capita was comparable to levels in the poorer countries of Africa (in 1960 it was US$1 110 compared to US$430 for Africa) (Suh & Chen 2007: 5). After 45 years, South Korea’s GDP per capita had increased more than twelve-fold to more than US$13 000 in 2005 since government run industrialization started in the early 1960s.
The fastest-growing economies of Malaysia in the developing world is start from year 1970s. Malaysia transformed from a major exporter of palm oil, rubber, tin, tropical timber and other primary commodities to the exporter of manufactured goods and this cause the country Per capita income become doubled in less than a generation. From year around 1970 until year 1980, economic growth was raise around 7.7% and it also raise to 5.8% in year 1980 to year 1990. In year 1990 to year 2005, the economic growth about 6.5%. During year 2008, crisis of financial appear and it caused the economic growth reduce.
The economy is a result of food processing, chemicals, textiles, agriculture amongst various other industries. In the year of 2005, the country was Asia’s third fastest growing economy. However in the past few decades. The economy took a blow resulting from the ever-growing population, the political disputes and low levels of foreign direct investment. The latter has changed due to the recent CPEC agreement.