Assignment about Business in Asia
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Assignment for Business Asia Unit with 3500 words
With the unprecedented and continuous rise of Asia in the 21st century, we are at a turning point, and the world is witnessing a historic phase with changed global dynamics. However, recent research suggests that Asian countries need to re-assess their strategies as what has worked for their growth in the past may not continue to lead to success in future (ADB, 2011). The ADB report also indicates that although the Asian Century offers immense potential and opportunities for all nations, there could be various pits and falls, and the opportunities are intertwined with risks for this very dynamic but diverse region.
Assignment TASK
a) Do you agree that Asian countries need to reassess their growth strategy? Why/ why not? Your answer should consider the structural transformations that the Asian countries undertook after the Asian financial crisis in areas of the role of state, businesses, labour relations and regional integration.
b) Do you agree that the opportunities offered by the Asian countries are intertwined with risks? In your answer, discuss the implications of these opportunities and risks for Australia.
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