Best of the Week
Most Popular
1.London House Prices Bubble, Debt Slavery, Crimea 2.0 - Russia Ukraine Annexation - Nadeem_Walayat
2. Gold And Silver – 2014 Coud Be A Yawner; Be Prepared For A Surprise - Michael_Noonan
3.Sheffield, Rotherham Roma Benefits Plague, Ch5 Documentary Gypsies on Benefits & Proud - Nadeem_Walayat
4.Glaring Q.E. Failure Spotted - Money Velocity Is Falling Rapidly - Jim_Willie_CB
5.Don't Miss the Boat on Big Biotech Catalysts: Keith Markey - Keith Markey
6.Gold Prices 2014: Do What Goldman Does, Not What It Says - David Zeiler
7.Bitcoin Price Strong Appreciation to Be Followed by Declines? - Mike_McAra
8.Gold Preparing to Launch as U.S. Dollar Drops to Key Support - Jason_Hamlin
9.Doctor Doom on the Fiat Money Empire Coming Financial Crisis - Andrew_McKillop
10.The Real Purpose Of QE - It’s Not Employment - Darryl_R_Schoon
Last 72 Hrs
America has Become a Police State - 19th Apr 14
Elite Herd Psychology And War By Default - 19th Apr 14
E.U. Officially Adopts the Bank Depositors Bail-In - 19th Apr 14
Goldman Sachs Is Highly Motivated To Low-Ball Gold Price - 19th Apr 14
Save MtGox - Bitcoin Important Implications of Going Down - 19th Apr 14
Stock Market SPX Topping Valuations - 19th Apr 14
Tesco Profits Panic! Back to Back £5 Off £40 Shop Voucher Promotions - 18th Apr 14
The Obama Game - Is Putin Being Lured Into a Trap? - 18th Apr 14
The Growing Threat to Capitalism - 18th Apr 14
Build Biotech Wealth on Solid Platforms - 18th Apr 14
Has Solar Power Finally Arrived? - 18th Apr 14
Bank Depositor Bail-Ins and Real Assets vs Liability-Based Assets - 18th Apr 14
10 Ways to Screw up Your Retirement - 17th Apr 14
One of Harry Dent’s Three Keys to Market Prediction is Cycles - 17th Apr 14
Obamacare Proof Stocks - 17th Apr 14
Gold, Silver And The Mining Sector: Prepare For A Severe Fall - 17th Apr 14
Hidden Australian Life Sciences Bio-tech Growth Stocks - 17th Apr 14
Disrupting Big Data Status Quo - 17th Apr 14
What the Stock Market Bears Have Been Waiting for... - 17th Apr 14
Copper Is Pathological and Suffers from SAD, but It Has Value - 17th Apr 14
Old World Order New World Order, Chaos And Change - 17th Apr 14
Even The US Government Will Abandon the U.S. Dollar - 17th Apr 14
Gold - Coming Super Bubble - 17th Apr 14
Glaring Q.E. Failure Spotted - Money Velocity Is Falling Rapidly - 16th Apr 14
High-Frequency Insider Trading - 16th Apr 14
Gold Prices 2014: Do What Goldman Does, Not What It Says - 16th Apr 14
These CEOs Will Make Investors Rich - 16th Apr 14
Climate Change, Central Banking And The Faustian Bargain - 16th Apr 14
Every Central Bank for Itself - 16th Apr 14
Social Security, U.S. Treasury Stealing Every Last Penny From Americans - 16th Apr 14
Ukraine Falling to Economic Warfare and Its Own Missteps - 16th Apr 14
Silver and Gold Miners Still Disappoint - 16th Apr 14
Silver, Gold, and What Could Go Wrong - 15th Apr 14
How I Intend to Survive the Meltdown of America - 15th Apr 14
France Wakes Up To The Multicultural Multi-Threat - 15th Apr 14
The Real Purpose Of QE - It’s Not Employment - 15th Apr 14
Peak Coal - 15th Apr 14
Flash Crash, Rigged Markets - What’s the Frequency Zenith? - 15th Apr 14
Forecasting U.S. GDP Growth: A Look at WSJ Economists’ Collective Crystal Ball - 15th Apr 14
Stock Market - Is Something Nasty About to Happen? - 15th Apr 14
How to Trade Your Way To Freedom - 15th Apr 14
Understanding (and Ignoring) the Media Bandwagon Against Gold - 15th Apr 14
When Stock Market Bubble Crashes, Take Refuge in Gold Stocks - 15th Apr 14

Free Instant Analysis

Free Instant Technical Analysis


Market Oracle FREE Newsletter

Asian Economy To Top the World by 2020

Economics / Asian Economies Mar 18, 2010 - 11:52 AM GMT

By: Pravda

Economics

Business analysts predict an economic rise for Asian corporations. The current conditions work towards the success of Asian giants. Their success is presumably based on the low cost of products which it its turn is based on the use of cheap labor force. The prospering Asian companies can not be good at everything. Their weak point is the spheres of communications and branding.


Fleishman-Hillard, a global leader in marketing and communications, conducted a research titled “The New Asian Champions”. The results of the research were unveiled in China, at a conference of the World Economic Forum.

The survey revealed that 70 percent of world political, scientific and business elite were certain that Asia, with China at the head, will become the most influential region of the global economy by 2020. Sixty-seven percent of respondents said that enormous opportunities of the Asian economy would be visible already in five years, taking into consideration current economic trends.

Seventy-two percent of respondents said that the main advantages of Asian transnational corporations are based on the low cost of their products and inexpensive labor force. Nevertheless, Asian companies have to solve many problems to be able to use their potentials on the world market. Thirty-five percent of the respondents said that Asian corporations lacked branding and specialization.

Such Asian brands as Tata Group, Hyundai, Daewoo, NEC and some others are widely recognized, whereas many others are not. It can be explained with insufficient experience in the field of branding and communications to make Asian companies competitive in the world.

Forty-eight percent said that they suffered from the negative influence of the global economic crisis, the lack of information about sales markets, as well as cultural and language barriers. The survey also revealed insufficient transparency of Asian transnational corporations.

“Asian multinational corporations need more visibility to compete with companies in the U.S. and Europe. Only 11 percent of respondents say that companies from the region have the public affairs expertise to succeed in the global arena,” the survey said.

The New Asian Champions have all chances to achieve unprecedented success. It is too early for Asia’s leading companies to rest on their laurels, though. The leadership of the Asian region in the world shall not be taken for granted. It is time for Asian corporations to think about investing in branding.

“The fast-growing economies of India and North Asia have provided unprecedented opportunities for today’s Asian MNCs. As they continue to grow and take on new markets, the next few years will test their ability to reinvent themselves into global success stories. Clearly, the New Asian Champions have unprecedented opportunities to succeed globally,” said Dave Senay, president and chief executive officer of Fleishman-Hillard.

Boris Yaremenko
Bigness

Read the original in Russian

Pravda.ru

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Pravda Archive

© 2005-2014 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Comments

vhaavusani
23 Nov 10, 00:43
china to be number one economy 2020

I think China will be largest economy by 2020, I have concerns by China rise to world superpower because it's not Democratic and I am for civil liberty, freedom and democracy.And i think Western powers should do more to force China to be more Democratic, open up it's market fully,co-operate in issues such as it's currency

de-evaluation and to engage fully with the world with relation to its rapidly growing economy.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

Free Report - Financial Markets 2014