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Asia as a major marketplace and business center in the world

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Discuss Asia as a major marketplace and business center in the world economy.

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Countries in Asia that could be a major marketplace would be China and India.

Here are the reasons why:

The Economy of India is the eleventh largest in the world by nominal GDP and the fourth largest by purchasing power parity. Following strong economic reforms from the post-independence socialist economy, the country's economic growth progressed at a rapid pace, as free market principles were initiated in early 90s for international competition and foreign investment. Since then, the value of India's international trade has increased sharply, with the contribution of total trade in goods and services to the GDP rising from 16% in 1990-91 to 43% in 2005-06. India's major trading partners are the European Union, China, the United States and the United Arab Emirates. In 2006-07, major export commodities included engineering goods, petroleum products, minerals, chemicals, jewelry, textiles, garments, and agricultural product

When you are visiting research and development centers mushrooming everywhere, you will see Indians are playing invaluable roles in the ...