The Asian Economy

1443 Words Jan 28th, 2018 6 Pages
Six other states are partly to Asia, but are considered to belong to another region economically and politically. Asia is the fastest growing economy in the region and the continent's largest economy by Gross Domestic Product and purchasing power parity in the world. China is the largest economy in Asia and the second largest economy in the world. Besides, Asia is the site of some of the world’s longest economic booms, beginning from the Japanese economic miracle (1950-1990), Miracle of the Han River (1961-1996) and South Korea economic growth (1978-2013) in China.
Since the shift of the century, the economy of Indonesia was one of the worlds best and most consistent. Since 2001, the country has had an average growth of 5.4 percent, much faster than the global average, despite the impact of the global financial crisis. This growth has led to the decline in gross public debt of 95.1 percent of GDP in 2000 to about 26 percent today, the lowest in ASEAN member state, except Brunei, and quite Fitch and Moody to grant investment grade debt in Indonesia. Indonesia increased from 27 of the world's largest economy in 2000 (nominal GDP) in 16th place today, an impressive jump in just fifteen years.
Indonesia is one of the countries that rich with natural sources which attract full attention by people or other countries all over the world. Recently, a hot topic in every channel of media is its…
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