If you absolutely have to know one thing about Asian economy then this must be it. This can affect all our lives in every way and if we don’t take advantage of this opportunity then it’s like missing the train and waiting for the next one in 100 years.
Will you ride the wave or will you be wiped out?
Asian economies are making an astonishing rebound. After the global economic decline, Asian countries such as China, Indonesia, Singapore, and South Korea are leading the way while the other countries are following suit. There are more talks of regional cooperation and possibly a regional currency similar to the Euro.
The dollar could lose its reserve currency status to the renminbi [the Chinese Yuan], according to Stephen D. King, HSBC's group chief economist and global head of economics.
Asia is becoming the Engine of Economic Growth against the Global Economic Crisis.
Western Countries are more sluggishly recovering due to bad practices such as welfare, the sub-prime mess, the big bank bailouts etc. If you want to know about these just google them.
Asian countries are eventually realizing that western economic models have only brought to their own economies. Hit by the global financial crunch, they are now engaged in building a new financial architecture for themselves. This is effectively decolonizing Asian minds, making us realize that we have to forge our own standards.
Economic power is slowly shifting to the East as the Western countries passes on the torch.
So where does the Philippines, and YOU, fit in this? Here’s 3 examples:
- As Asian economies are growing and the west is losing it’s power, it shows that the ways of the west are not as good as a lot of people thought they are. The illusion of the west as the ideal role model is finally shattered. The roles CAN be reversed. Instead of OFWs, we can have the foreigners work for us!
- If other Asian economies are growing then so can we! The Philippines was once the Tiger Economy in Asia, and we can be that again! WE can be the role models of our neighbors. Everyone will look up to Filipinos!
- If a national economy can rise, then so can a personal economy! A better living standard is in front of us. The opportunity to have a better life is right here in our own country!
Can you begin to imagine what this means for you and your loved ones?
That’s great news, right? So how do we begin?
The economy will rise if only the citizens make it happen. Do you remember People Power? This time it’s ECONOMIC PEOPLE POWER! If each individual Pinoy makes a real effort for the Philippine Tiger Economy then THIS WILL HAPPEN!
Start Learning about money, business, and how to improve your personal economy.
If you improve your personal economy then teach your friend, then you have changed a life.
If your friends teach their friends then you’ve improved the lives of a community.
If the community teaches other communities then you have changed a COUNTRY.
It only takes one person to start. So do it now!
.:GYD:. Grab Your Dreams
Japo Domingo | Entrepreneur, Financial Literacy Advocate, Business Coach
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This blog is an original composition. The blog or any portion of it may not be reposted or copied without the owner's permission. - Japo Domingo, 09172594804
Sources:
http://southasia.oneworld.net/
