Global Supply Chains: Economic Growth In China

Economic Malaise Dept: In recent years, much attention has been given to the implications of rapid economic growth in China and India, and to the emergence of these and other Asian countries - Korea, Vietnam, Indonesia - as expanding markets as well as important participants in global supply chains, according to Vancouver Sun. The past two decades have been unkind to Japan, as it has grappled with natural disasters, a long period of economic malaise following the collapse of its stock and real estate markets in the early 1990s, deteriorating public finances, and the onset of negative population growth. anadians are coming to recognize that the balance of power in the international economy is shifting inexorably toward Asia. Already home to three-fifths of humanity, the next two decades will see Asia grow to account for half or more of global output. Often overlooked in discussions of what some refer to as the "Asian century" is the country that, until recently, was largest economy in the region: Japan. Interest in Japan by Canadian policy-makers and business decision-makers has been eclipsed by excitement over other, faster growing Asian countries. (www.immigrantscanada.com). As reported in the news.