Asia is the largest and most geographically diverse continent, found mostly in the Northern and Western Hemispheres. It shares the land mass of Eurasia with North America and the land mass of Asia with all other continents except for Antarctica. Asia has a very large economy, ranging from being largely agricultural to manufacturing in every sector of the economy. The countries of Asia (especially India and China) have a big potential for economic growth and are now rapidly catching up in world markets. Asia has the largest consumer market in the world with a per capita income that is much higher than that of Europe or the United States. However, Asia's larger population and less geographical isolation make it a rather difficult continent to penetrate into and open any markets for your products.
Besides being the most densely populated continent, Asia also has the highest per capita income after the Americas and the Middle East. Asia has an enormous growth potential and has become an important world market. The economies of most Asian countries are rising very fast and the manufacturing base of most Asian countries is highly developed and has been growing consistently since the 1970's. China is the fastest growing economy in Asia after Japan, India, and China. Southeast Asia is emerging as a major player in the global economy.
The most important economy of Asia is definitely China with India following close behind. Over the last decade Southeast Asia has emerged as the most prosperous economy in East Asia and is starting to challenge the traditional powers of Asian countries such as India, Japan, and Korea. Between the Peninsula and the Indian Ocean there are many small islands which constitute most of the land mass of Southeast Asia. These islands are mostly in the Indian Ocean and the peninsula.
The largest country of Asia is obviously India. It is a rising power with economy growing at a rate of about 10% per year and looking towards the future, which it sees very bright indeed. The other countries of this continent are Pakistan, Bangladesh, Myanmar, and Sri Lanka. These countries are all developing very fast and are seeing specific articles in their economy such as transport infrastructure, information technology, and manufacturing. All these articles can be seen in India's economy.
At the beginning of the last century the GDP per capita of India was only about one third that of Japan. Since then the GDP per capita of India has quadrupled and is now second in size only to China. On the other hand, China only saw a slow GDP per capita increase of about million years ago and today its economy is a massive one. The other countries of southeast Asia are following a similar trend. They are slowly growing strong economically and are seeing specific articles in their economy such as transport infrastructure, information technology, and manufacturing.
Recently we've been hearing about the possibility of an economic collapse in India due to their excessive dependence on oil. This is a major contributor to the economies of the countries in the south of India. With such a large population of the continent, India cannot hope to have an independent government for many years. That means the political stability of the country is in serious doubt.