1. Asian Economic Growth

Chapter Contents

• Japan 2

• China 3

• Hong Kong 5

• Singapore 5

• India 7

• The Next Asian Tiger: Vietnam 8

• The U.S. Economic Slowdown 9

Asia...the world’s largest factory, the world’s largest office, shapes the economic landscape of the world. This is home. This is Asia.1

Asia is transforming! Over the past three decades, Asia produced a remarkable record of high and sustained economic growth. The countries of this region are currently experiencing some of the strongest economic growth in the world. Relative economic power is shifting from the developed world to Asia, and this shift will likely endure for a long time. According to Asian Development Bank (ADB), sometime between 2020 and 2025, Asia’s share of the ...

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