Asian Economic and Social Review

Asian Economic and Social Review Asia is the largest continent of the world, with 30 % of land area of the world and highest population of human beings in the world. Asia will grow @ 6.7 %.

International institutions like World Bank, OECD, UN, IMF and many others, predict and agree that Asia will be the growth engine for the world economy. Asia is the continent with two major countries, China & India both economies registering highest growth rates in th...e world, upward of 10 % and 7 % respectively. WTO predicts that World trade will boom @ 8%, World Bank estimates that world export

which was $ 4 trillion in few years ago is expected to grow several fold in next 10 years and 50% of this will be from emerging countries. Asia again will lead the trend. The Economist magazine in it’s special publication, reports that first time in 400 years, all of Asia will be managed by Asians. World economy will grow @ 4.2 %, American economy will grow @ 2%. Europe will expand faster than US (first time in 9 years.) n 9 years.)

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