G7 leaders can no longer deny India and China

The world changed this year. For the first time in recorded history, India and China are the drivers of the global economy.

Monday, 3 December, 2007, 12:00am

Japan sets example with green grants

Asia's headlong rush to modernise is improving the lives of hundreds of millions of people but is also having a detrimental effect on the environment. Striking the right balance is difficult for governments focused on poverty reduction, so moves like that from Japan yesterday to contribute to Asian Development Bank environmental protection measures are to be commended.

7 May 2007 - 12:00am

Time has come to take a gamble on the Wild West

When the mainland leadership announced its ambitious 'go west' programme in 2000, the excitement over tapping the Wild West was palpable from almost everyone and everywhere, from the people in the poorer western regions and the overseas media to foreign businessmen.

12 Mar 2007 - 12:00am

Twin demand will drive China, says JP Morgan

China is entering a new cycle of accelerated economic growth underpinned by booming demand from industrialisation and a growing middle class, says JP Morgan.

In a report, the brokerage spelled out its bullish outlook founded on the belief these forces of demand would lead to an expansion cycle of 18 to 24 months.

22 Feb 2004 - 12:00am

Effects of Industrial Revolution

The Industrial Revolution was a great change which took place in Europe in the 1700s and 1800s. The term Industrial Revolution refers both to the changes that occurred and to the period itself.

Towards the end of the 18th century, a series of changes occurred in England in the methods of industrial technique and in the social and economic organisations.

15 Sep 1999 - 12:00am

Dr Doom predicts spread of contagion

LAST year alone, Asia's 500 richest families outside Hong Kong and Taiwan lost, on average, between 50 and 70 per cent of their net worth, investment adviser Marc Faber says.

6 Dec 1998 - 12:00am

Speedy growth 'assured'

The economy should be able to maintain its 'high-speed' growth for decades, according to senior State Council researcher Wang Mengkui.

Mr Wang, director of the Development Research Centre under the council, said despite the Asian financial crisis, China's goal of achieving modernisation by the middle of next century was within reach.

21 Oct 1998 - 12:00am

Return to bad old ways not seen for Asia tigers

During the great American depression the urban unemployed wandered the dust bowl interior in search of a crust.

Returning to their rural origins seemed a natural destination for John Steinbeck's generation of the dispossessed.

Asia's tiger economies produced a similar mass migration from the countryside to grimy city factories over the past 15 years.

8 Dec 1997 - 12:00am

ADB sees Hong Kong incomes leading the way as global trade focus switches to

Average incomes in Hong Kong are set to surpass those in the United States, according to a study by the Asian Development Bank.

12 May 1997 - 12:00am

So corrupt

When General Fidel Ramos became President of the Philippines, he drew up a plan which he called Philippines 2000. His plan was to modernise the nation through industrialisation and mechanisation of agriculture.

Banners proclaiming Philippines 2000 were hoisted above schools and in government offices and that is about as far as the campaign has got.

17 Feb 1997 - 12:00am

More couples delay wedding day

THE regional trends towards men and women marrying later and single motherhood have been identified in Malaysia.

Malaysians are also having fewer children, with the average declining from four in 1980 to 3.4 last year.

11 Nov 1995 - 12:00am

Strong China growth forecast to last

STRONG economic growth is expected from China well into next century, according to a new report from Goldman Sachs Asia.

The report says an abundant, well-educated labour force and high levels of personal savings and investment would provide the cornerstones for the country's economic growth beyond 2000.

26 Jun 1995 - 12:00am

ADB warnings a bit melodramatic

FOR years incredulous Westerners have been looking at the Asian economies, and asking, 'How long can this keep going on?' Prediction of imminent end to the miracle of the dragons has always proved premature, but here it comes again.

7 Apr 1995 - 12:00am

East Asia set for more prosperity

EAST Asian countries have 45 per cent of global central bank reserves and keep piling up collective current account surpluses while Western industrialised countries keep accumulating current account deficits, according to World Economic Forum (WEF) senior adviser Claude Smadja.

3 Dec 1994 - 12:00am

Investment 'black hole' a boon and bane to Asian neighbours

THE emergence of China as an economic and trading titan is sometimes seen as a boon, at other times as a bane.

The sheer size of its demand for funds and expertise has generated fears among some developing countries that as China receives more foreign capital, they will get less.

8 Sep 1994 - 12:00am