Business in Asia

Business in Asia

Asian market is divided into developed and developing countries. Some of the highly developed countries are Japan, Hong Kong, Singapore, South Korea and Taiwan. China, India, Malaysia and Russia are major economies and also exist in the list of developed countries.

Asia succeeded in winning the title of major economic market after World War 2. Asian regions consisted of many stock industries but after World War 2 the Protectionist Policies and Government Efforts raised Asia to high levels and Asian market emerged as Exporting Powerhouse. The members of Asian Market including Hong Kong, Singapore, South Korea, Taiwan, Thailand, India and India were involved in large industrialization processes which helped to develop their economies. Another factor involved in the development of economic conditions of Asian regions is their entrance in the Global Market by Export of Mass Produced Products. Asia Tiger economies which are Hong Kong, Singapore, South Korea and Taiwan which are mainly referred as Asian Tigers grew significantly from the late 1980's till the mid of 1990's. Asian Economic growth has experienced many setbacks for many reasons but the economies recovered their position in the late 1990's. South Korea is one of the highlighted countries of Asia regarding the high economic growth. This country sets a great example of emerging as a successful and dominant economy in the International markets. South Korea emerged as the greatest Technology powerhouse which is the major factor for the success in the Global Market. South Korea emphasis on education such as subjects of Biotechnology, Robotics and Aerospace Research fields are also credits in the economic growth of this country.

The success of the major companies is also a devoted reason for the Success of Economic processes and Development of Business in Asian regions. Some of the trends followed by some Asian regions were Demography across Asia and Rise of Labor costs in China. These two factors consider both the kinds of things which are produced and the ways through which things are produced. Labor Intensive Industries contributed to the development and growth of economy in Asia.

A shift of Quantity to Quality is also a prominent factor in the Asian Economic and Business Development. Asian regions gave emphasis in the manufacture of high quality products and the products which are safe and fir for different environments and purposes.

Intense Global Competition is one of the significant reasons of the success in Global Market. Customers and buyers needs and tastes are influenced by their moods and situations. Asian firms must compete with the multinational companies, factories and industries regarding Global Supply Chains, Brands and also in Research and Development. This competition of Asian market with other markets led to the development of good economy. Japanese Banks and Customer- Electronic firms also contributed to the business of Asian regions. The Stock Exchange market of Japan faced many challenges but revived back to success. Asia now accounts 27% of the world market capitalization. South Korean companies such as LG, Samsung, Hyundai and Toyota (in photo) have global scale. India has produced world class firms in the field of Technology and Pharmaceuticals