One of the fastest growing economic centers in the world today is Asia. Asian countries have one of the strongest economies in the world, second only to China. Over the past few years, Asia has been one of the most popular destinations for expats, with more than 25% of American expats relocating to Asian countries over the past three years alone. So, if you are thinking about moving to Asia or making investments there, now is the time. The following paragraphs will give you the low down on how Asian countries can help you reach your economic goals in the United States.
As a first country, China has a huge economic impact on the world. Today, many Asian countries are growing at a rapid rate – a factor that will help you immensely when investing or starting a business. Many nations in the region, including India, Indonesia, Thailand, and Malaysia are experiencing strong economic growth. On the other hand, many of these nations have a developing market, especially in the IT or construction industry. You will find many high paying jobs in the IT field in many of these nations.
While it is true that India is the fourth fastest growing country in the world, you will be surprised by the sheer wealth of countries like Pakistan and Sri Lanka. Between them you will find three of the fastest growing economies in the world today. They have access to cheap labor thanks to cheap labor havens like India and the world's most advanced infrastructure. They also have access to an excellent quality of life, both in the physical and mental sense. Sri Lanka is an emerging economic power, having risen from poverty and war to economic prosperity. It will give you access to a variety of job markets.
In spite of all of this economic growth, Asia is not known as a safe bet when it comes to sending your family to college. There have been a number of cases over the years where students have become victims of human trafficking. The Asian culture is relatively insular, with little social interconnection and little exposure to the outside world. Many people believe that if you are a bright student, you can thrive in Asia. That may be true in some respects, but the quality of life is vastly different and you will need to really make the time to experience it.
Another thing that holds back the Asian economic growth potential is the language barrier. Although English is widely spoken in the South, it is hardly spoken in the other countries of the region. Even in countries such as Singapore, Malaysia, Thailand and Indonesia, the majority of the population still speaks Tamil or Malay, even though most of them speak English. You should consider hiring a private tutor to help you get around in these countries.
Another obstacle to the Asian economic growth is the political . . . . . . culture. The governments in these countries have been slow to open up their markets and facilitate access to information. It takes a very long time for small businesses to get a foothold in the country and become profitable. In fact, many times the only capital they require is a small amount of money and they cannot risk opening up until they feel that they are getting a return on their investment.
One way that you can help achieve the desired Asian economic growth is by doing business in the country. Many of these countries are in the initial stages of economic development and they desperately need more companies to invest in their economy. Make sure you take advantage of this and set up your company in one of the fastest growing sectors of the economy. A lot of research has shown that doing business in developing countries often yields better results than doing business in more developed nations.
Finally, the above issues will affect the Asian economic growth more so as long as economic policies remain restrictive. If you have the opportunity to invest in the Asian market, do so! It is an untapped market that has huge potential. Take advantage of this.