Asia Pacific

Asia Pacific

Asia-Pacific (excluding the Middle East) is the most populous region. In 2018, it had over 3.98bn people spread over 47 countries. It had the largest total GDP of the regions in 2018 at 28.8 trillion USD. Average GDP per capita was 13,454 USD. Total exports were 8 trillion USD. Civilisation began in China around 8,000 BC. By around 2200 BC, the first imperial dynasty had begun: the Xia. The last dynasty ended in 1912. The Chinese empire gained great wealth and spread its influence through trade that reached across the continent via the Silk Roads to the Middle East and Europe beginning around 200 BC. Meanwhile in India, civilisation began in the Indus valley around 2300 BC. In the 4th century, Buddhism began to spread to East Asia and had reached Japan and South East Asia by the 6th century. In the 7th century Islam emerged, and quickly spread to Central Asia, northern India, and Western Asia along the Silk Road. Arab traders also helped spread Islam throughout South East Asia. Between the 13th and 15th centuries, the Mongols invaded China, central Asia, and northern India. Divine Winds prevented Kublai Khan’s invasion of Japan. In the 16th century, Portuguese traders arrived in India, East Asia, and South East Asia and built a commercial empire. The Dutch quickly superseded them in South East Asia. Britain, France and Spain also realised colonial ambitions in the region. Britain took control in India and defeated China in the Opium Wars, gaining Hong Kong as a result. It also discovered and settled Australia and New Zealand in the 18th century. France gained control of Indochina and settled several Pacific islands. In 1853, Commodore Perry forced Japan out of isolation. The Meiji restoration industrialised Japan and brought it to the status of a world power with the defeat of the Russians in 1905. Imperial Japan extended into the Korean Peninsula and Manchuria. After WW2 they invaded South East Asia and the Pacific. After WW2, Japan again led the way with the Japanese economic miracle, which was quickly replicated by South Korea, Taiwan, and other Asian nations. Also, after WW2, the last vestiges of colonialism were eventually swept away as the nations of Asia gained independence. China became communist in 1949. By the 1970s, China slowly liberalised their economy. It has now overtaken Japan to become the second largest economy in the world and is likely to overtake the US soon. Its Belt and Road initiative was announced in 2013. It has increased Chinese influence throughout Asia and beyond. In 1967, the Association of South East Asian Nations (ASEAN) was formed as the countries sought to build stronger political and economic relationships. In 1989, the Asia-Pacific Economic Cooperation (APEC) forum was founded. By 2018, this had led to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) free trade agreement. The 11 signatories are Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam. The Regional Comprehensive Economic Partnership (RCEP) free trade agreement is expected to be signed in 2020. In addition to the Asian and Pacific countries from the CPTPP it also includes China, Cambodia, India (to be determined), Indonesia, Laos, Myanmar, Philippines, South Korea and Thailand.

IPPC Report on Global Warming: Formidable Effort in Juggling with Fuzzy Numbers

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WTO Forecasts Gradual Recovery Despite Cut in Trade Forecasts

World trade growth in 2013 and 2014 is likely to be slower than previously forecast. WTO economists now predict 2013 growth of 2.5% (down from the 3.3% forecast in April)

Learning the Ropes in Peru: Chinese Companies Engage Local Communities

Chinese companies are learning how to navigate the tricky waters of community politics in perhaps the most unlikely of places: Peru. Here, Chinese businesses have found it next to impossible

Moving into Pakistan Big Time: China to Invest Serious Money

China has the money and is not afraid to invest it in Pakistan. The Chinese Water & Electric Corporation (CWE) is set to disburse some $6bn over the next five
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Christopher Colford, World Bank: Competitive Cities Can Meet the Challenge of Job Creation

Focusing policies on competitive industries can provide jobs for the impoverished, hungry, restive urban millions As magnets for talent and crucibles of creativity, dynamic cities are the pacesetters for innovation

Uttar Pradesh, India: Water Management Key to Reducing Poverty

For good governance to fully contribute to and enable sustainable development, it needs an institutional framework through which sensible policies may be applied. This may be one of the areas

Bangladesh: Steadily Moving Up without Beating the Drum

Skipping the usual ado and almost silently, Bangladesh is moving up the ladder and surpassing its local peers in a number of key areas such as health and education. During

The Equator Principles: Banking on Sustainability

Financial institutions worldwide are increasingly benchmarking their larger investment projects to the Equator Principles of social and environmental risk assessment. A third and more comprehensive edition of these guiding principles
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Indian Rupee Looking for a Line in the Sand

Earlier this week, Indian Finance Minister Palaniappan Chidambaram unveiled a comprehensive – and long-awaited – plan to improve the country’s crumbling infrastructure by reviving no less than 36 stalled projects.

Africa’s Changing Mediascape: Spreading the Word from China

A monumental shift is taking place in the world’s mediascape. As traditional news outlets such as CNN and the BBC see their operating budgets shrink and wither in response to

CFI.co Hero Mahindra on Giving in India

Anand Mahindra, born in 1955, was appointed chairman of the family conglomerate in August 2012 and has been managing director since 1997. He has been able to progress the business

Kiran Shaw and Biocon: What a Team

Kiran Mazumdar Shaw is the founder and managing director of Biocon which is one of Asia’s leading biotech enterprises. Shaw’s success can be explained in part by the low expectations
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