Asian Business

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* Asian Business Environment (ABE)

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* Class 1

* Yang LAIKE

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* Which direction Asia will have to follow ?

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* Part I : geographic and economic characteristics

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* Definition of Asia : dans le cours on ne s’intéressera pas au moyen Orient et à l’Asie centrale.

* East China : Taiwan, China, Japan, Korea and Hong-Kong big market with a growth rate around 7% since 1960s unlike the growth rate of the rest of the world is 5%/

* Only, China has 1,3 billion people !

* WHY ?

Problem of the social security in China, but it’s not the cas in Japan and Korea.

Le fils s’occupe des parents après leur retraite. De plus, il y a beaucoup plus de garcons donc ils doivent être “compétitifs” et avoir de l’argent. A survey has shown that in Asia, a high savings rates depends on a high boy’s birth rate.

“you should never spend more than you can earn”, very different from USA (so many credit card)

financing system is different. In China, a few banks are private. So they don’t loan to people. If you want a business, you need to find the money by yourself saving money.

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* Part II : Asian flying geese model

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* It was developed in the 1930s by economist Kaname Akamatsu and gained wider popularity in the 1960s.

* Japanese economic started economic kick off in 1950, 1980s.the growth rate was about 7% the same that we see now in China

The East Asian NIEs (newly industrialized economy) = « Asian dragons », they started 10 years after japan.

* ASEAN : Association of South East Asian nations (10 members). Originally they’re only 6.

* China (1980, 1990, 2000)

* Vietnam, Laos

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* The flying geese model is not only about growth rate, it’s also about industry transformation, structural transformation.

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* What is wrong with Japanese economy ?

* What about the flying geese model ? It was to be leaded by Japan. Without a leader of the group, is the model still available...