Sun March 26, 2017
Advertisement
Can't connect right now! retry

add The News to homescreen

tap to bring up your browser menu and select 'Add to homescreen' to pin the The News web app

Got it!

add The News to homescreen

tap to bring up your browser menu and select 'Add to homescreen' to pin the The News web app

Got it!

Newspost

May 30, 2013

Share

Advertisement

The new Asian tiger

The new Asian tiger
In the 1980s, many countries of the Far East made rapid progress in various fields and were termed Asian tigers. In the 1990s, a financial crisis – that started from Thailand – engulfed the entire region, badly affecting the economies of South Korea, Malaysia, and Indonesia. Due to this crisis, the value of their currencies fell, stock exchanges crashed and banks defaulted.
The new emerging economies of the world include China, India, Brazil, and Russia. In fact, India is projected to be the fourth major economy of the world, by the year 2020, after the US, Japan, and China. It has already surpassed Japan to become the world’s third largest economy in terms of purchasing power parity. India, as a global economic power, is the new Asian tiger.
Ziauddin
Peshawar
Advertisement

Comments

Advertisement
Advertisement