Asia: Facts & Stats

ECONOMY

Industry:

Asian industry in modern times differs significantly from its tradition of cultivation and pastoral activity. In the post-war era, manufacturing and high-tech industries have transformed Asia industry and employment forever.

Mineral-based industries (metallurgy, petroleum, etc.): The vast land expanses in Asia are rich in natural resources, from the abundantly available metals across Russia to the oil fields spread over the western part of the continent.

Manufacturing-based industries (automotive, electronics, textile, etc.): Asia is one of the world’s leading manufacturing regions. The Asian industry in this region is vast in both expanse and variety. Across China, Japan, South Korea and Taiwan, goods as cheap as toys to as high value as cars are manufactured.

Industry giants such as Samsung, Toshiba, Toyota, and Honda are based here. Also, many corporations from the US and Europe have a major part of their operations in Asia due to the abundant availability of labor at lower costs. The textile industry provides employment to a considerable proportion of the population.

Agriculture:

Agriculture-based industries (lumbering, agrarian, fishing, etc.): The whole stretch beginning from Pakistan and extending to India, Bangladesh, Cambodia, Vietnam and southern China is densely populated. The cultivation of rice and some cash crops is the primary economic activity in this belt.

By far the two most significant crops in Central Asia are cotton and wheat. Aside from these two primary crops, the region produces a wide variety of products which include barley, corn, flax, grapes, potatoes, rice, sugar beets, sunflowers, tobacco, apricots, pears, plums, apples, cherries, pomegranates, melons, dates, figs, sesame, pistachios, and nuts.

Research & Development:

Asia is a force to be reckoned with when it comes to research in the life sciences. Asian countries play a major role both in shaping international research practices and in the formulation of bioethical research regulation in the field of biomedical research and research applications, including stem cell research, genetic testing and screening, reproductive technologies and the banking of biological materials.

Not only wealthy welfare societies such as Japan and Singapore but also large developing countries such as China and India are strong global competitors at the forefront of biomedical research and biotech applications. These new fields of research, on the one hand, promise to yield revolutionary technologies and biomedical knowledge that could enhance the health and welfare of large patient populations, including diabetes, muscular dystrophy, Parkinson’s disease and Alzheimer’s disease.

On the other hand, bioethical concerns have come about due to the novel and global nature of research in the life sciences and the application of resultant technologies in some regions where even the most basic healthcare is a scarce good.

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