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The economy of Asia comprises about 4.7 billion people (60% of the world population) living in 50 different nations. [1] [2] Asia is the fastest growing economic region, as well as the largest continental economy by both GDP Nominal and PPP in the world. [11]
Chart of the world's gross domestic product over the last two millennia. The global financial system is the worldwide framework of legal agreements, institutions, and both formal and informal economic action that together facilitate international flows of financial capital for purposes of investment and trade financing.
The world economy or global economy is the economy of all humans in the world, referring to the global economic system, which includes all economic activities conducted both within and between nations, including production, consumption, economic management, work in general, financial transactions and trade of goods and services.
Asian shares mostly rose Tuesday, boosted by market optimism set off by a Wall Street rally despite lingering worries about inflation and regional growth. Investors were also watching for the ...
“The best markets in terms of GDP per capita would be the big developed markets, meaning the U.S., Europe, and Japan. ... it to maintain its position as “the Detroit of Southeast Asia ...
Meanwhile, Latin America’s under-invested startup ecosystem is looking a lot more like Asia, where a handful of companies can gain considerable market share.
Ecological Swaraj originated out of India, and is an evolving world view of human interactions within the ecosystem. This train of thought respects physical bio-limits and non-human species, pursuing equity and social justice through direct democracy and grassroots leadership.
The share of China and East Asia declined significantly up until the 1950s. By the 1960s, East Asia began to make its mark on the world economy when it began growing faster than the high-income economies of the Western World and today their share accounts for one-third of the global output and one-half in PPP terms. [97]