Emerging Markets in Asia University of Phoenix January 8, 2004 Emerging Markets in Asia Over the past decade the world has witnessed rapid long-term economic growth for East Asian countries. These newly developing countries are experiencing growth rates in GDP between 6% and 7%, compared to the 2% to 3% for most industrial economies. If this growth continues, South Korea and Taiwan could take away America's distinction as the world's richest country. This rapid economic growth is a result of several …showed first 75 words of 1372 total…

…showed last 75 words of 1372 total…use of new technologies. All of these factors should help continue their recent economic success. Resources Gibney, Frank. (April 24, 1995) Vietnam: Back In Business. Time Magazine. Volume 145. No 17: 47-49 Moise, Edwin E. Moise "Modern China, A History." The Economic Growth. New York: Longman, Inc., 1986: 165-181. Rich, Joe. (1980) Japan Since The Occupation. Asia's Modern Culture. 2nd Ed. Sydney: Longman Inc., (pp. 190-193) Prager, Karsten. (March 25, 1996) China: Waking Up To The Next Superpower. Time Magazine. Volume 147. No 13: 51-54.