Globalisation In Asia Case Study

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Effects and Impacts Globalisation has had on the Asian Continent. Globalisation is a method of interaction of developing the global economy among all the countries of the world. It is basically the integration of economies with all the economies of the world. It refers to the process of integrating countries economy with the worlds economy. It also helps in the reducing geographic inequalities by spreading jobs and business opportunities. Asia is nowadays Earth’s largest and most populous continent, located primarily in the Eastern and Northern Hemispheres. In addition, Asia also covers an area of about 45million square kilometers, which is about 30% of the earth’s total land area. Asia has ranked its position upwards (concerning the nominal GDP) from 3rd place in 2010 to 1st place in 2016 (27,222 billions of dolars). Asia consists of more than 48 countries and its population is at about 4,5billion, which places them 1st in the list of continents by population. Therefore, this refers to more than the half (59%) of the worldwide population. Indeed, China and India were/are the two huge countries that alternated in being the largest economies in the world. At…show more content…
So, on one Hand, the crisis represented a challenge of globalization to the model, and on the other hand, the different impacts of the crisis on the East Asian development states also demonstrates that the globalization may bring different challenges to them. In addition, to the erosion of state strength, globalization has brought two possible dangers particularly relevant to Taiwan and Korea. On the financial side, barriers to capital flows are significantly lowered as a result of deregulation of financial markets and improvements in technology transactions. In order to Conclute, globalization has not only brought positive aspects to asia but indeed, it also brought

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