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Asia - Regaining the Lost Prestige

Ion Botescu ()
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Ion Botescu: „Ovidius†University of Constanta, Constanta

Ovidius University Annals, Economic Sciences Series, 2019, vol. XIX, issue 1, 2-7

Abstract: Asia’s progress over the last 3-4 decades is remarkable, with the continent enjoying the highest growth rates in many respects. This progress was facilitated successively by Japan, the four Asian tigers, China, India and others. Among the above-mentioned countries, one must emphasize the crucial contribution of China, during the recent period, to the economic development of the Asian continent in its entirety. China has recorded the highest rhythm of GDP growth, it has become the world’s largest exporter, it has the largest currency reserve, and so on. In fact, in analyzing GDP’s evolution and Asia’s involvement in the global economy, we used worldwide statistical information, continental statistical information and statistical information that targeted China as a major beneficiary of globalization. The objective of this paper is the attempt to highlight two periods of economic development in Asian history. It is worth mentioning the nostalgia of the Asians for the silk road period, but especially their pride in the remarkable evolution of Asia during the present period, characterized by an unprecedented process of liberalization of the world economy.

Keywords: economical growth; globalization; hybrid; pole of influence (search for similar items in EconPapers)
JEL-codes: F22 (search for similar items in EconPapers)
Date: 2019
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Handle: RePEc:ovi:oviste:v:xix:y:2019:i:1:p:2-7