Question

Rationalism advantages and disadvantage in asian regions.Globalization advantage and disadvantage in asian regions.

Answer 1

Answer:

Advantages of Globalization

The theme of my remarks this morning is globalization. Hong Kong is an ideal location to discuss this topic, since many of the East Asian economies, and Hong Kong

Disadvantages of Globalization

Clearly, globalization has had a major impact on Asia’s role in the world economy. As recently as a decade ago, the developing countries of Asia accounted for only one-sixth of world output. But with many countries in the region having followed sound domestic economic policies, mobilized large amounts of domestic savings, and attracted substantial private capital inflows, Asia, excluding Australia, Japan, and New Zealand, now accounts for about one quarter of world GDP on purchasing power parity-adjusted terms.