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TFI Asia
Asia - Overview
Asia is the world's largest and most populous continent. It covers 8.6% of the Earth's total surface area (or 29.4% of its land area) and, with over 4 billion people, it contains more than 60% of the world's current human population. Chiefly in the eastern and northern hemispheres, Asia is traditionally defined as part of the landmass of Eurasia—with the western portion of the latter occupied by Europe—lying east of the Suez Canal, east of the Ural Mountains, and south of the Caucasus Mountains and the Caspian and Black Seas. It is bounded on the east by the Pacific Ocean, on the south by the Indian Ocean, and on the north by the Arctic Ocean. Given its size and diversity, Asia—a toponym dating back to classical antiquity—is more a cultural concept incorporating a number of regions and peoples than a homogeneous physical entity.
Economy (during 2003 unless otherwise stated)
Population: 3,958,768,100 (2006 Estimate)
GDP (PPP): US$18.077 trillion
GDP (Currency): $8.782 trillion
GDP/capita (PPP): $4,518
GDP/capita (Currency): $2,143
Millionaires: 2.0 million (0.05%)
Asia has the third largest nominal GDP of all continents, after North America and Europe, but the largest when measured in PPP. As of 2007, the largest national economy within Asia, in terms of gross domestic product (GDP), is that of China followed by that of India and that of Japan. However, in nominal (exchange value) terms, they rank as follows: Japan, China, India, South Korea, Saudi Arabia, Taiwan, Indonesia. In the late 1990s and early 2000s, the economies of the PRC[31] and India have been growing rapidly, both with an average annual growth rate of more than 8%. Other recent very high growth nations in Asia include the Philippines, Pakistan, Vietnam, Mongolia, Uzbekistan and mineral-rich nations such as Kazakhstan, Turkmenistan, Iran, Brunei, United Arab Emirates, Qatar, Kuwait, Saudi Arabia, Bahrain, and Oman.
Historically, Japan has had the largest economy in Asia and second-largest of any single nation in the world, after surpassing the Soviet Union (measured in net material product) in 1986 and Germany in 1968. (NB: A number of supernational economies are larger, such as the EU, NAFTA or APEC). In the late 1980s and early 1990s, Japan's GDP was almost as large (current exchange rate method) as that of the rest of Asia combined. In 1995, Japan's economy nearly equalled that of the USA to tie as the largest economy in the world for a day, after the Japanese currency reached a record high of 79 yen. Economic growth in Asia since World War II to the 1990s had been concentrated in quite a few countries of the Pacific Rim (Philippines, Thailand, Malaysia, Singapore, Hong Kong, Taiwan, Japan, and South Korea) and India.
It is forecast that the People's Republic of China will surpass Japan to have the largest nominal and PPP-adjusted GDP in Asia within a decade. India is also forecast to overtake Japan in terms of Nominal GDP by 2020.
Trade blocs
- Asia-Pacific Economic Cooperation
- Asia-Europe Economic Meeting
- Association of Southeast Asian Nations
- Gulf Cooperation Council
- Closer Economic Partnership Arrangement
- Commonwealth of Independent States
- South Asian Association for Regional Cooperation
Natural resources
Asia is the largest continent in the world by a considerable margin, and it is rich in natural resources, such as petroleum forests, fish, water, and metal.
Manufacturing
Manufacturing in Asia has traditionally been strongest in East and Southeast Asia, particularly in mainland China, Taiwan, Japan, South Korea and Singapore. Japan and South Korea continue to dominate in the area of multinational corporations, but increasingly mainland China, Taiwan, and India are making significant inroads. Many companies from Europe, North America, South Korea and Japan have operations in Asia's developing countries to take advantage of its abundant supply of cheap labour and relatively developed infrastructure.
Financial and other services
Asia has four main financial centres: India, Hong Kong, Singapore, and Tokyo. Call centres and business process outsourcing (BPOs) are becoming major employers in India and the Philippines due to the availability of a large pool of highly-skilled, English-speaking workers. The increased use of outsourcing has assisted the rise of India and the People's Republic of China as financial centres. Due to its large and extremely competitive information technology industry, India has become a major hub for outsourcing.
Languages and literature
Asia is home to several language families and many language isolates. Most Asian countries have more than one language that is natively spoken. For instance, according to Ethnologue, more than 600 languages are spoken in Indonesia, more than 415 languages spoken in India, and more than 100 are spoken in the Philippines. The People's Republic of China has many languages and dialects in different provinces.
Beliefs
Mythology
Asian mythology is diverse. The story is first found in Mesopotamian mythology, in the Epic of Gilgamesh. Hindu mythology tells about an avatar of God Vishnu in the form of a fish who warned Manu of a terrible flood. In ancient Chinese mythology, Shan Hai Jing, the Chinese ruler Da Yu, had to spend 10 years to control a deluge which swept out most of ancient China and was aided by the goddess Nüwa who literally fixed the broken sky through which huge rains were pouring. The story is also found in the Bible and Qur'an.
Religions
Asian philosophical traditions originated in India and China and cover a large spectrum of philosophical thoughts and writings. Indian philosophy includes Hindu philosophy and Buddhist philosophy. They include elements of nonmaterial pursuits, whereas another school of thought from India, Cârvâka, preached the enjoyment of material world. Also Methidistism and protestism is popular among Koreans
Abrahamic
Abrahamic religions of Judaism, Christianity and Islam originated in West Asia. The world's largest Muslim community (within the bounds of one nation) is in Indonesia. South Asia (mainly Pakistan, India and Bangladesh) holds 30% of Muslims. There are also significant Muslim populations in China, Iran, Malaysia, the Philippines, Russia and most of West Asia and Central Asia. In the Philippines and East Timor, Roman Catholicism is the predominant religion; it was introduced by the Spaniards and the Portuguese, respectively. In Armenia, Eastern Orthodoxy is the predominant religion. Various Christian denominations have adherents in portions of the Middle East, as well as China and India. Judaism, one of the smaller yet oldest of the Abrahamic faiths, is practiced primarily in Israel (which has either the largest or second largest Jewish population in the world), though small communities exist in other countries, such as the Bene Israel in India.
Indian
The Indian religions of Sikhism, Hinduism, Buddhism and Jainism originated in South Asia. In East Asia, particularly in China and Japan, Confucianism, Taoism, Zen Buddhism and Shinto took shape. During the 20th century, in the two most populous countries of Asia, two dramatically different political philosophies took shape. Gandhi gave a new meaning to Ahimsa, and redefined the concepts of nonviolence and nonresistance.
Other
Other religions of Asia include the Zoroastrianism, Shamanism practiced in Iran and Siberia respectively, and Animism practiced in the eastern parts of the Indian subcontinent and in Southeast Asia.
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