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South Asia Remains One of the World’s Poorest Regions, yet is Poised for Strong Growth in the Future

South Asia’s aggregate GDP in 2016 totaled $10.72 trillion USD, placing it fourth behind East Asia, the European Union (EU) and the US. With GDP per capita just below $6,300 USD as of 2016, South Asia’s economy is clearly the poorest compared with other regions we’ve reviewed. Yet with 5 of its 8 members realizing GDP growth of more […]

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East Asia is the World’s Largest Economy at $29.6 Trillion USD, Including 4 of the Top 25 Countries Globally

East Asia contains the following countries: China, Hong Kong, Japan, Macau, South Korea and Taiwan. Since the late 1970s, China has moved from a closed, centrally planned system to a more market-oriented one that plays a major global role. China accounts for 71.36% of East Asia’s GDP. According to the World Bank, “China has implemented reforms in a gradualist fashion, resulting […]

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