Global Economic Order
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Transcript of Global Economic Order
8/2/2019 Global Economic Order
http://slidepdf.com/reader/full/global-economic-order 1/11
GLOBAL ECONOMIC ORDER-
“WHICH WAY NOW”
8/2/2019 Global Economic Order
http://slidepdf.com/reader/full/global-economic-order 2/11
ECONOMIC WEIGHT OF EAST ASIA
ECONOMIC WEIGHT OF EAST ASIA
LEADERSHIP IN THE WORLD ECONOMY
NEW GL0BAL ECONOMIC ORDER
8/2/2019 Global Economic Order
http://slidepdf.com/reader/full/global-economic-order 3/11
Asia’s increasing share in the Global Economic Activity
27% of the
worlds total GDP.
Exceptional andrapid growth of
India, China and
Indonesia.
High level of
interdependence
within the region
8/2/2019 Global Economic Order
http://slidepdf.com/reader/full/global-economic-order 4/11
CHINA
-world’s manufacturing workshop ,Global Factory ,Export
processing zone
• Consistent growth rate of 10% over the 10 years.
• World’s foremost financier , leading investor, and
a major source of research and development.
8/2/2019 Global Economic Order
http://slidepdf.com/reader/full/global-economic-order 5/11
China-Emerging East Asian Power.
Large size of populationand work force.
Huge amount of foreigndirect investment.
Good relationship betweenthe world countries.
8/2/2019 Global Economic Order
http://slidepdf.com/reader/full/global-economic-order 6/11
East Asia-Leading the world economic
recovery
• East Asia-GDP growth of 8.5 % in 2010.
• Global recovery was influenced by china.
Largefiscal andmonetary
policies of China
Boostedthe
government led
investment
Increasedimports of
china,mainly
from eastAsia
Provedstrong self sufficiency of Asian
countries
8/2/2019 Global Economic Order
http://slidepdf.com/reader/full/global-economic-order 7/11
FUNDAMENTALLY STRONG
ECONOMIC HEALTH OF ASIA.
•Reduced governmentdebt and fiscal deficit.
•Reduced external
debt.
•Boosted foreign
exchange reserve.
•Improved financial
supervision.
Pace of linkagebetween Asian
countries.
Intra- Asianinvestmentpartnership
India, ChinaIndonesia
dominating thetrade Arena
Asian -middleEast Partnership
Crisis Of 2008
8/2/2019 Global Economic Order
http://slidepdf.com/reader/full/global-economic-order 8/11
Asia- Going Regional
East Asian Summit – East Asian Community ( Japanese PM)
Asian Pacific community ( Australian PM )
• China, Korea and JapanNorth EastAsian FTA
• North East and South EastAsia.Asean+3
• Asean plus 3 and India ,
Australia and New Zealand
Asean+6
8/2/2019 Global Economic Order
http://slidepdf.com/reader/full/global-economic-order 9/11
If an Asian
Regional Block is
Formed.
• Intra regional trade in East Asia-55%
of the total trade in this region.
•It will contain half of the world populationand a third of GlobalGDP.
•It will be one of themost powerful regionin the world economy.
•Its collective powerwould transformGlobal P
East Asian countries initiatives onfinancial and monetary cooperation
Chiang Mai
initiatives
Asian Bond
Fund.
AsianCurrency
Unit
8/2/2019 Global Economic Order
http://slidepdf.com/reader/full/global-economic-order 10/11
An Effective Asian Regional Integration-New
Global Economic order
• East Asia deeply integrated with the world Economy.
• Worlds Economic power Shifting towards East Asia.
S&P downgrading US andEuro-zone Debt Crisis
Rising Borrowing Cost of US and Europe
Maturing Debt in the
coming Years
Falling of Private
consumption
Lose of the
Economicleadership of US
and Europe
8/2/2019 Global Economic Order
http://slidepdf.com/reader/full/global-economic-order 11/11
Asia- leading the Global Economic Order
Rapid Growth inEast Asian
countries Spreadto South Asian
Countries.
Removingobstacles
End of Communism.
Rise of Newpowers Like
India And China.
New Global Economic Order led by Asia