Asia is a $27 Trillion economy, 50% bigger than the US and the EU. By 2030, 2/3rds of the world’s Middle Classes will be living in Asia, a combined value of $36 Trillion, or twice the size of the US economy today. Here are the 10 reasons why investors and startup founders can no longer ignore the most important growth story of the 21st Century.
Expert Articles – Asia Matters Institute
Since the early Fall of 2015, I’ve had the opportunity to spend significant time on the ground in Asia where the future of innovation is being reimagined. Never have I been witness to such a region that is continually presenting new opportunities for local and foreign businesses. Today we see the beginnings of why Asia matter, and now is time to pay attention and act. Welcome to Asia’s century.
It’s not a competition, not between regions, not even between countries inside the same region. Asia is a striving hotbed for innovation, home to millions of digital natives, vibrant start-up communities as well as big Tech challenging the status quo.
APAC is home to an exceptional wealth of opportunities: global metropolises like Tokyo and Singapore, the sheer scale of India and China, and the rapidly emerging economies of Southeast Asia.
In recent years, Asia has become a hotspot for business investment and technology innovation. Impressive developments in emerging Asian economies have attracted a lot of attention across the globe. As of October 2017, the average GDP growth in ASEAN countries was 5.1%, while its two big neighbours, China and India, increased 6.8% and 6.6% respectively. The whole region is fast becoming a driver of global economic growth.
At the entrance of SimplyWork, a co-working office in one of Shenzhen’s buzzing high-tech parks, a sign says “No stupid people beyond this point”. The same sign might just as well have been placed at the city border.