(Solved) Business in Asia - Essay
Added on -2021-02-21
| 8 pages| 2594 words| 18 views
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Business in Asia
Table of ContentsINTRODUCTION ..........................................................................................................................3MAIN BODY...................................................................................................................................3CONCLUSION ...............................................................................................................................7REFERENCES................................................................................................................................7
INTRODUCTION Asia is considered as one of the most populous and largest continent on the earth. It isrich in resources like copper, water, petroleum etc. It consists of more than 50% population ofthe world. It includes developed economies like Japan and the least developed economies likeNepal etc. China is situated in East Asia and in year 2017 it has population nearly 1.404 billion(Metelli and Natoli, 2017). It emerged as 'assembly center' of the production network. SouthKorea is situated in East Asia and it shares militarized borders with north part of Korea. TheEssay will outline reasons behind economic slowdown of China, investment and trade relationbetween China and South Korea, impact on economy of South Korea due to slowdown ofChinese economy. It will further describe Impact on important economic variables etc.MAIN BODYReasons behind slowdown of Chinese economy.China has experienced slowdown in economy after nearly three decades. Due to theslowdown, companies operating in manufacturing sector have experienced fall in jobs. Further,the level of imports of goods has decreased that results in adverse impact on economies ofexporting countries. There are various reasons behind Chinese economy slowdown. It includesincrease in ageing population, decrease in birth rate, tightening of Federal Reserve etc. Risingwage is another problem due to this, it makes China less attractive to foreign companies. Further,rate of China growth rate become slow since double digit rate before year 2013. The export ofcountry fell by 4.4% in year 2018 and level of imports also decreased since 2016. (Golley, Tyersand Zhou, 2018) Trade and investment linkages between South Korea with China.Development of Chinese economy during the period of boom has impact the economy ofSouth Korea through investment and trade. The level of Capital flows has increased betweenChina and South Korea in the form of direct investment. Further, China is considered as third thelargest partner of South Korea in terms of trading. From year 2001, China has once againbecome top trading partner of South Korea. In terms of total trade of goods, in year 2003 Chinahas surpassed other countries like Japan, United States etc. In year 2005, Trading between Chinaand South Korea is more than $ 100.6 billion. Economic interaction between both the countrieswas lead by trading activities. In year 2005, there are various types of products that are exportedby South Korea to China. It includes electronic of $ 22,297 million, chemicals of $ 11,688
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