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| Where will the business hub of Asia be in the 21st century? |
| China |
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19% |
[ 7 ] |
| Hong Kong |
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36% |
[ 13 ] |
| Indonesia |
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2% |
[ 1 ] |
| Japan |
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11% |
[ 4 ] |
| Korea |
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8% |
[ 3 ] |
| Malaysia |
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2% |
[ 1 ] |
| Phillipines |
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0% |
[ 0 ] |
| Singapore |
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13% |
[ 5 ] |
| Thailand |
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2% |
[ 1 ] |
| Other, (Vietnam, Tibet, etc.) please specify |
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2% |
[ 1 ] |
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| Total Votes : 36 |
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flummuxt
Joined: 15 Mar 2007
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 Posted: Tue Jan 08, 2008 5:03 pm Post subject: Which country will be the 21st century business hub of Asia? |
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Which country will be Asia's hub of commerce and finance in the 21st century?
For those of you with more expertise in this matter than me, which city, or cities in various countries, will be the primary business hub?
Which country will be left in the dust as a business leader?
What are the strengths of the country or city you see as the future hub of Asia?
What are the weaknesses of the country or city you see being left in the dust?
Your thoughts?
(Yes, Hong Kong is not exactly a country, but I believe it does have some autonomy from China for business purposes, does it not?) |
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itaewonguy
Joined: 25 Mar 2003
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| Posted: Tue Jan 08, 2008 7:19 pm Post subject: |
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come on there is only one country possible of this..
just ask any korean !! 
yes I voted korea |
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Newbie
Joined: 07 Feb 2003
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| Posted: Tue Jan 08, 2008 7:20 pm Post subject: |
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| Korea always has been and will always continue to be. |
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stevieg4ever
Joined: 11 Feb 2006
Location: London, England
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| Posted: Tue Jan 08, 2008 10:20 pm Post subject: |
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why are the Philipines, Tibet and Indonesia down and not India may I ask???
Its all footnotes ofcourse as 대한민국 will reign supreme and the 한 will conquer all. |
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thepeel
Joined: 08 Aug 2004
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| Posted: Tue Jan 08, 2008 10:41 pm Post subject: |
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Asia is a big place.
There will be centers (hubs) of economic power and so on. Shanghai, Singapore, Hong Kong. There will be places with political power like Beijing, Tokyo, Jakarta, Delhi. There will be centers of trade like Singapore, Dubai, Hong Kong, Pusan, Osaka/Tokyo, Bangalore, Mumbai, and shenzhen/Guangzhao and Istanbul. But as I said, Asia is a big place.
To get to the heart of this thread, no. Seoul/Korea/Pusan will not be a major player in a wealthy Asia. Size, population and a tradition of closed economic/culture conditions will ensure that.
About financial hubs, Singapore, Shanghai and Hong Kong will dominate. But do not expect the buzz about finance/financial hubs to last much longer. The hype was a bubble in and of itself.
Ultimately, Shanghai will dominate east Asia in the way New York dominates North America and London dominates the UK and Europe. Shanghai has historically been a city with great independence from the political power up north, and a city with cut-throat capitalism and capitalists. Shanghai is the only Asian city that can rival NYC, London in the foreseeable future. |
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Gatsby
Joined: 09 Feb 2007
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| Posted: Wed Jan 09, 2008 12:56 am Post subject: |
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I keep seeing the weirdest places mentioned as part of Asia, sometimes including the Middle East, Africa and India. To me, these are the Middle East, Africa and India, not Asia.
How they heck are you defining Asia? |
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IncognitoHFX
Joined: 06 May 2007
Location: Yeongtong, Suwon
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| Posted: Wed Jan 09, 2008 1:11 am Post subject: |
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| Gatsby wrote: |
I keep seeing the weirdest places mentioned as part of Asia, sometimes including the Middle East, Africa and India. To me, these are the Middle East, Africa and India, not Asia.
How they heck are you defining Asia? |
Grab a geography textbook. Even though the Middle East is a unique political zone, it is still technically part of the Asian continent and has always been as long as the continents have names. |
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VanIslander
Joined: 18 Aug 2003
Location: Geoje, Hadong, Tongyeong,... now in a small coastal island town outside Gyeongsangnamdo!
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| Posted: Wed Jan 09, 2008 1:27 am Post subject: |
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That's why Saudi Arabia, Iran and Iraq play soccer in the Asian Cup: because those countries are IN Asia!
UAE and HK will only get more important as the hubs of Asia. |
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thepeel
Joined: 08 Aug 2004
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| Posted: Wed Jan 09, 2008 1:42 am Post subject: |
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When you cross the Bosporus Bridge in Istanbul, from European Istanbul to Asian Istanbul, you see a sign that says �Welcome to Asia� in several different languages.
However, when North Americans hear the word �Asian�, they typically think of East Asia. I often make this mistake. I�m still surprised when the British media uses the world �Asian� as a description for Pakistanis. |
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stevieg4ever
Joined: 11 Feb 2006
Location: London, England
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| Posted: Wed Jan 09, 2008 2:06 am Post subject: |
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this is a wind up right??
| Gatsby wrote: |
I keep seeing the weirdest places mentioned as part of Asia, sometimes including the Middle East, Africa and India. To me, these are the Middle East, Africa and India, not Asia.
How they heck are you defining Asia? |
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chicagorick
Joined: 25 Mar 2006
Location: 1060 W. Addison
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| Posted: Wed Jan 09, 2008 5:56 pm Post subject: |
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| Philippines will be the customer service & IT hub for Most of the world by 2010. |
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flummuxt
Joined: 15 Mar 2007
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| Posted: Fri Feb 29, 2008 8:55 pm Post subject: |
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http://www.koreatimes.co.kr/www/news/biz/2008/03/123_19856.html
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Seoul Ranked Outside Top 50 Financial Hubs
By Lee Hyo-sik
Staff Reporter
South Korea has grown into the world's 13th largest economy and the 11th largest trading nation over the past 60 years, rising from the ashes of the 1950-53 Korea War. But the country still has a long way to go to achieve its goal of becoming an international financial center as it has even failed to make it into the top 50 in the latest international financial hub ranking.
The Roh Moo-hyun administration championed the financial hub plan and unveiled a series of ambitious measures, including providing tax breaks over the past five years to turn the country into an international financial powerhouse.
But the Roh government apparently failed due to anti-foreign sentiment, inconsistent policies and militant labor unions.
Foreign analysts have pointed out that Korea's anti-foreign sentiment is the biggest obstacle to the hub plan, adding the country should deregulate the financial market, lower taxes, and create a more foreign-friendly residential and educational environment. more... |
Generally an honest article. However, there is no mention of the poor or non-existent English skills of most Koreans. |
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hogwonguy1979
Joined: 22 Dec 2003
Location: the racoon den
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| Posted: Fri Feb 29, 2008 11:23 pm Post subject: |
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| until the banking laws are changed and the open hostility towards foreigners is gone, the tampa bay devil rays have a better chance of winning the world series in the next 20 years than korea has of becoming the financial hub of asia |
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lastat06513
Joined: 18 Mar 2003
Location: Sensus amo Caesar , etiamnunc victus amo uni plebian
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| Posted: Fri Feb 29, 2008 11:58 pm Post subject: |
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Many moons ago, a poster wrote this when comparing China and Korea~
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Korea HAS NO future.
China IS the future. |
As much as I love Korea, I throw my vote to China.
I think it might be the next 'Japan' someday. |
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ujin821
Joined: 25 Jan 2008
Location: obsolete account
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| Posted: Sat Mar 01, 2008 1:13 am Post subject: |
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| lastat06513 wrote: |
Many moons ago, a poster wrote this when comparing China and Korea~
| Quote: |
Korea HAS NO future.
China IS the future. |
As much as I love Korea, I throw my vote to China.
I think it might be the next 'Japan' someday. |
Dunno, have you ever lived in China? The whole "China is the future" thing is overrated.
In terms of being a financial hub, it'll be good for cheap manual labor and factories but that's about it... anything professional related is an exercise in futility, for now. Like Korea, "working hard" in China is working long hours at lower efficiency, but the efficiency is even lower in China. There is also not much emphasis on quality in China (in product quality obviously, but also in work quality).
Koreans also seem to have a better understanding of foreigners than Chinese do (which is pretty sad), but are more paranoid about them/harbor more hatred.
Calling China a financial hub is possible, but calling it the "next Japan" couldn't be further from the truth 
Note: These are all exceptions in Shanghai.
Hong Kong/Singapore are next to be on top (if they already aren't considered to be) |
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