Financial growth in South Korea

Economy of South Korea:

The country stands among the members of the Organizations for Economic Cooperation and Development (OECD) and the major financial health. South Korea is ranked among the World's 11th market company in the whole world which at present is selected by GDP (Gross development production) and 13th as per Purchasing Power Parity (PPP) criteria. It is also considered as the worlds developed country having its developed financial market and its high- income.

Fastest Growing Economy

South Korea is only one of those develop countries which is incorporated in the set of next eleventh countries. It had the world's fastest growing economy from the past 1960's to 1990's and maintained its growth as being the develop country in 2000 s. South Korea's education system as well as the institution of education system and motivation is effectively responsible for the rapid financial growth. South Korea almost has no normal capital and its population is increasing day by day with the passage of time. Due to this overpopulation it is continued to have population enlargement and the arrangement of a large internal purchaser market.

Export-oriented financial strategy

The country has adopted the way of an export-oriented financial strategy to well establish its financial system, and the in the year of 2014 the country was included and nominated as the seventh biggest exporter and seventh prime imported in the entire world. Several banks of Korea as well as the Korea Development institutes release the economic drifts of the South Korea. In 1997 financial crisis in the Asia the economy of the South Korea also suffered the financial crisis.

Economic Development

South Korean high economy development potential and clear structural constancy, South Korea also suffers the damage to the credit score in the stock market of the country. Other fiscal associations like the World Bank show that the Korea is one of the greatest rising major economies of the upcoming generation in the Indonesia. The country was also nominated as one of the few industrial countries that were capable of avoiding the recession in the global finance crisis and its fiscal growth will get to 6.1% by 2010, a successful recovery from economic development rates of 2.3% by 2008 and 0.2% by 2009 when the financial crisis arrived. Then the South Korean financial system again gets improved with the record surplus of $70.7 billion mark of the existing account in the ending of the year 2013, up and 47% growth from the year 2012.

The country was the historical part of ODA - Official Development Assistance. On 23rd June 2012 the country is marked as the seventh associate of the 20-50 clubs with the populace of over 50 million as well as maintaining of $20,000. The free dealing agreement was held in April1, 2007 between USA and the Republic of South Korea. The economy of the South Korea is heavily based upon energy trade in and several refining technologies related to it. South Korea's actual Gross domestic product expanded by the average of up to the 8 percent per year, from US$2.7 billion in the year 1962 to US$230 billion in 1989 which breaks the double and triple dollar mark in.

Developing Sectors in Philippines

Asia is one of the developed areas of the world. It is home to largest populated countries. Besides population, the Asian Finance Market is also growing with the passage of time. Nearly all the Asian countries are on the way of progress and different sectors of the countries are attracting investors to invest in the country. Philippine is one of the growing countries of Asia. The country has a developed GDP and in making renovations in lots of its sectors to increase its growth. The areas where Philippine presently focuses are agriculture, automotive, electronics, aerospace, mining, tourism and shipping. By investing in these sectors, investors can get a big blow.

Agriculture in Philippines

The World Bank stated that the agriculture of Philippines adds 12% of GDP of the country in 2013. The agriculture sector ranges from farming to fishing. Coconut is the most produced product of the area. Medium sized farms are well-known for coconut growth in Philippine. Moreover, the country is also known for production of Pineapples. The country is also known for production of rice. The country produces 2.8% of the world's rice in total. Moreover, the country's agriculture sector produces sugar at large scale.

Automotive

The Philippine Automotive Market is very famous for its production of ABS that is used in lots of popular models of the present. Some of the popular brands of the country are Ford, Suzuki, Kia, Toyota, Nissan and Honda. Isuzu is known for production of SUVs in the country. Mitsubishi Motor Company has announced that it will grow up its market in Philippine. China's Cherry Motor Company is making production in Philippines as well.

Aerospace

Aircraft manufacturing parts are built in Philippines. Especially the Boeing and Airbus are famous in the region. Moog is the largest aerospace production unit in the area.

Electronic

Texas Instrument plant is the biggest producer of DSP chips in the country. Nokia cell phone chips are made in the country. Sony Ericson phone chips are exported from Philippines as well. Moreover, Philippines focuses on the production of Hard Disks at present. Lexmark printers are also manufactured in the country. Hence, the electronic industry of Philippines is making lots of progress in increasing GDP of the country. Investors can invest in this arena to add to GDP of the country.

Mining and Extraction

Mineral and geothermal energy resources are found at large scale in the country. In 2003, 27% of country's electricity is produced through geothermal energy resources. Natural gas is also found in some areas of the country. Palawan is a great source of electricity production in the country. The well known mineral in the country are gold, copper, chromites and nickel. Silver, gypsum, coal and sulphur are also found in the country. Moreover, the miners have found a small quantity of marble, limestone, silica, phosphate and clay as well.

Conclusion

The overall GDP of the Philippines is growing and investors are getting towards the growth of the GDP in the country. Nearly all the sectors are making progress and country is facing a huge positive change.

Economic Growth in Thailand

Thailand is presently industrialized country. It exports lots of product to increase its GDP. The economy o f the country has grown to 6.5 % in the last the last year. In growing the GDP of Thailand the main sectors are industries and services. Moreover, Thailand gets 8.4% of its GDP from agriculture sector. The mining and construction sector add 3.4% to the GDP of the country. Telecommunications and IT services are also growing in the country. The unemployment rate in the country is low and servicing sector of the country is getting much involved in growing GDP of the country.

Agriculture Forestry and Fishing

Thailand has grown its agriculture sector to improve its GDP. The sector employed over 70% of the population in 1980s. Later in 2008, forestry and fishing added much to GDP of the country. Rice is produced at large scale in the country. The country stands among the largest rice exporters to the world. Fish exports are also grown up at the present. The fishing industry provides employment to over 300000 people in the country. So far as forest industry is concerned, the country has got a big blow by placing 25 percent of its area for forests.

Manufacturing Industry

Manufacturing industry of Thailand employs 14% of the population of the country. The industry adds 34.5 percent of the GDP of the country. The industry has got a big blow from 1995 to 2005.

Electronics Industry

15 % of total exports of Thailand include electronic devices. In 2009 the country exported over $33 billion worth electronic products. Hard Disks are manufactured at large scale in the country. In addition the television and radio are also a great source of GDP production in the country. The country is getting a boom in electronic industry. Lots of DSP chips are being made in Thailand and country is determined to improve its electronic sector. With the advancement in technologies the country is also looking for change in production of electrical products.

Automobile Industry

Thailand Automobile industry stands among the leading automobile industries in the world. The country exports over 1.15 million vehicles each year. The leading brands in the country are BMW, Ford, General Motors, Honda, Mazda, Isuzu, MG, Nissan, Mitsubishi, Tata, Toyota, Volvo, Mercedes-Benz and Daihatsu. The country is gaining a huge profit by making developments in this industry. The investors are making way to invest in this sector of the country as the country is known of production of high quality vehicles across the world.

Tourism Industry

Tourism adds much to the GDP of the country. Since 2002, the industry has given a big blow to the growth of the country. The tourism in the country has increased in the country in the last decade. At average over 15 million tourists visit Thailand each year. The country stands in the line of emerging countries and having a grown up GDP value. Investors are getting a chance to invest in different sectors of the country as well.

Financial Growth in China

Economy of China

The socialist market of China is considered as the world's second largest economy which is nominated by GDP (Gross development product). China has increased its economy rate rapidly in the world that is why it is nominated as world's fastest growing economy with the growth rate which is 10% increased within the last thirty years. China's people sector is accounted for bigger shares of the national economy due the reason of its historical and political facts of developing country. China is popular for the manufacturing in the global and is included in the export of goods at a large scale. China is known for the fastest growing consumer market of the world and is also considered as second highest importer of the goods in the world. It is an importer of service products. China is the most popular and largest trading nation in the whole world and plays an important role in t6he international trading and is increasingly bounded towards the trading organizations in the past years. China was includes as a member of the World trade organization in the year 2001.

China is offering the free trade agreements with some of the nations which include South Korea, Australia, New Zealand, Pakistan and Switzer land. The provinces in the coastal region of China are increasing their scale for industries and more industrialized whereas regions in the hinterland area of the China are not much developed. As we know the importance of the China for the economic growth has increased so the country has attention health and structure of the economy. The goal of the China for the material is average for the well of the society in 2021. At the beginning of 2010's China became sole Asian nation consisting of GDP (Gross development product) above the 10 trillion marks with some of the European countries and United States. The economy of the China has initiated as the Asian Infrastructure investment bank from the past years in 2015. From the other aspects China is criticized by the Western media for its unfair practices of the trade which include intellectual property, artificial currency devaluation. In 2015 it was shown that china is getting slow in its economic growth. The main slow down was held in the industries such as coal, steel and cement in the auto industry as decreased sales.

Regional Economies of the China:

Chinas transport system make the differences and has affect the natural and human resources and that is why the industrial infra structure has produced a lot of changes in the regional economies of China.

Regional Development:

Following are some of the strategies which are considered as the poorer regions of the China relatively than the other regions:

Third Front:

Focused on the South Western provinces.

China Western Development:

It is designed to increase the condition or situation of the western provinces by the way of capital investment and development of natural human resources.

Go Global:

It is the way to encourage its enterprises to invest overseas.

Unfortunately the nationalist US President Trump has been ripping up trade agreements and treaties seems against global cooporation and started a trade war with China imposing protectionist tariffs on $250 Billion in Goods, it's hard to have a positive outlook in these testing times.