Asian Business Topics Summary
2022-2023
Introduction ......................................................................................................................... 6
1 The Asian Quilt .............................................................................................................. 6
2 Religion & Philosophy ................................................................................................... 6
Japan ................................................................................................................................... 7
Politics ............................................................................................................................... 7
A bit of history ............................................................................................................... 7
The 2nd miracle ............................................................................................................. 7
Underlying Factors ....................................................................................................... 8
Recent History............................................................................................................... 8
Economics ........................................................................................................................ 9
GDP analysis ................................................................................................................. 9
Foreign trade ................................................................................................................ 9
Socio-Culture ................................................................................................................... 9
Demographics.............................................................................................................. 9
Kaisha ............................................................................................................................ 9
Work Ethics .................................................................................................................... 9
Karoshi (work until you drop dead) ...........................................................................10
Technology .....................................................................................................................10
Legal ................................................................................................................................10
Environment ....................................................................................................................10
Discussion ........................................................................................................................10
South Korea ........................................................................................................................11
Politics ..............................................................................................................................11
Geography ..................................................................................................................11
A “fistful” of history ......................................................................................................11
The Korean War ...........................................................................................................11
Military power ..............................................................................................................11
No walk in the “park” (1953 - Now) ...........................................................................12
Economy .........................................................................................................................12
Statistics........................................................................................................................12
“The miracle on the Han River” .................................................................................12
Chaebol 재(wealthy)벌(clan) ....................................................................................13
Keiretsu (Japan) ≠ Chaebol (Korea) .........................................................................13
Foreign Trade...............................................................................................................13
Rania El Ghalbzouri 1
, Asian Business Topics Summary
2022-2023
Socio Culture:..................................................................................................................14
Demographics.............................................................................................................14
Challenges:..................................................................................................................14
Pop Culture..................................................................................................................14
Technology .....................................................................................................................14
World player ................................................................................................................14
Internet .........................................................................................................................14
Legal ................................................................................................................................15
Environmental .................................................................................................................15
Singapore ...........................................................................................................................16
Singapore: Thomas More or George Orwell ................................................................16
Politics ..............................................................................................................................16
Lee Kuan Yew..............................................................................................................16
Democracy .................................................................................................................16
Politics ..........................................................................................................................16
Economics .......................................................................................................................17
GDP Analysis ................................................................................................................17
Foreign Trade...............................................................................................................17
Challenges ..................................................................................................................17
Socio-Cultural..................................................................................................................18
Technology .....................................................................................................................18
Legal ................................................................................................................................18
Environment ....................................................................................................................18
Discussion ........................................................................................................................19
Hong Kong & Taiwan .........................................................................................................20
Crouching Tiger VS Hidden Dragon ..............................................................................20
Politics - Taiwan ...............................................................................................................20
A bit of History..............................................................................................................20
Kuomintan ...................................................................................................................20
International Relations ................................................................................................20
Taiwan, an isolated country? .....................................................................................21
Recent History..............................................................................................................21
Rising Tensions with PRC .............................................................................................22
Economy – Taiwan .........................................................................................................22
GDP ..............................................................................................................................22
Economic Policy..........................................................................................................22
Rania El Ghalbzouri 2
, Asian Business Topics Summary
2022-2023
Electronic economy ...................................................................................................23
Foreign Trade...............................................................................................................23
Demographic .................................................................................................................23
Socio-Culture ..................................................................................................................23
Demographic ..............................................................................................................23
Flag & Flower ...............................................................................................................23
Millennials and other challenges ..................................................................................24
Technology – Taiwan......................................................................................................24
Legal – Taiwan ................................................................................................................24
Environment – Taiwan ....................................................................................................24
Discussion - Taiwan .........................................................................................................25
Politics – Hong Kong .......................................................................................................26
Failed in London, try Hong Kong................................................................................26
One nation, two systems 国两制 (Yī guó liǎng zhì).....................................................26
Hongkong = S.A.R .......................................................................................................26
The Hong Kong protest 2019-?? .................................................................................26
Economy – Hong Kong ..................................................................................................27
GDP ..............................................................................................................................27
Economic Assets .........................................................................................................27
Foreign Trade...............................................................................................................28
Financial Centre: .........................................................................................................28
Socio-cultural – Hong Kong ...........................................................................................28
Demographic .................................................................................................................28
Millennials and other challenges ..................................................................................29
Rich and poor in Hong Kong .........................................................................................29
Technology – Hong Kong ..............................................................................................29
Legal – Hong Kong .........................................................................................................29
Environment – Hong Kong .............................................................................................29
Discussion – Hong Kong .................................................................................................30
China...................................................................................................................................31
Napoleon’s Prophetic words .........................................................................................31
Political ............................................................................................................................31
To forget one’s ancestors is to be a brook without a source, a tree without a root
......................................................................................................................................31
3 individuals who marked the XXth century in China ..............................................31
Succesors of Deng XiaoPing ......................................................................................32
Rania El Ghalbzouri 3
, Asian Business Topics Summary
2022-2023
Economic ........................................................................................................................33
GDP ..............................................................................................................................33
Composition of the GDP ............................................................................................33
Average Wage Forecast ............................................................................................33
Foreign Trade...............................................................................................................34
Investments Abroad....................................................................................................34
Local market: consumer trend...................................................................................34
Jack Ma .......................................................................................................................35
Socio-cultural ..................................................................................................................35
Statistics........................................................................................................................35
China has different names .........................................................................................36
Freedom & Freedom of speech ................................................................................36
Technology .....................................................................................................................37
R&D / GDP ...................................................................................................................37
Internet use ..................................................................................................................38
Taobao ........................................................................................................................38
Transportation technology .........................................................................................38
Legal ................................................................................................................................38
Environmental .................................................................................................................38
The situation is not perfect .........................................................................................38
Some facts ...................................................................................................................38
Reality ..........................................................................................................................39
Air quality .....................................................................................................................39
Measures......................................................................................................................39
Discussion ........................................................................................................................40
India ....................................................................................................................................41
Politics ..............................................................................................................................41
Violence Harmony: prehistory ....................................................................................41
Violence Harmony: the Arians ...................................................................................41
Violence Harmony: idea ............................................................................................41
Violence Harmony: 3 rulers.........................................................................................41
Violence Harmony: Trade ..........................................................................................42
Violence Harmony: ⬌ science and culture..............................................................42
Violence Harmony: ⬌Chola and invasions ..............................................................42
Violence Harmony: ⬌ Mogul Empires .......................................................................42
Violence Harmony: ⬌The Mogul Empires.................................................................43
Rania El Ghalbzouri 4
2022-2023
Introduction ......................................................................................................................... 6
1 The Asian Quilt .............................................................................................................. 6
2 Religion & Philosophy ................................................................................................... 6
Japan ................................................................................................................................... 7
Politics ............................................................................................................................... 7
A bit of history ............................................................................................................... 7
The 2nd miracle ............................................................................................................. 7
Underlying Factors ....................................................................................................... 8
Recent History............................................................................................................... 8
Economics ........................................................................................................................ 9
GDP analysis ................................................................................................................. 9
Foreign trade ................................................................................................................ 9
Socio-Culture ................................................................................................................... 9
Demographics.............................................................................................................. 9
Kaisha ............................................................................................................................ 9
Work Ethics .................................................................................................................... 9
Karoshi (work until you drop dead) ...........................................................................10
Technology .....................................................................................................................10
Legal ................................................................................................................................10
Environment ....................................................................................................................10
Discussion ........................................................................................................................10
South Korea ........................................................................................................................11
Politics ..............................................................................................................................11
Geography ..................................................................................................................11
A “fistful” of history ......................................................................................................11
The Korean War ...........................................................................................................11
Military power ..............................................................................................................11
No walk in the “park” (1953 - Now) ...........................................................................12
Economy .........................................................................................................................12
Statistics........................................................................................................................12
“The miracle on the Han River” .................................................................................12
Chaebol 재(wealthy)벌(clan) ....................................................................................13
Keiretsu (Japan) ≠ Chaebol (Korea) .........................................................................13
Foreign Trade...............................................................................................................13
Rania El Ghalbzouri 1
, Asian Business Topics Summary
2022-2023
Socio Culture:..................................................................................................................14
Demographics.............................................................................................................14
Challenges:..................................................................................................................14
Pop Culture..................................................................................................................14
Technology .....................................................................................................................14
World player ................................................................................................................14
Internet .........................................................................................................................14
Legal ................................................................................................................................15
Environmental .................................................................................................................15
Singapore ...........................................................................................................................16
Singapore: Thomas More or George Orwell ................................................................16
Politics ..............................................................................................................................16
Lee Kuan Yew..............................................................................................................16
Democracy .................................................................................................................16
Politics ..........................................................................................................................16
Economics .......................................................................................................................17
GDP Analysis ................................................................................................................17
Foreign Trade...............................................................................................................17
Challenges ..................................................................................................................17
Socio-Cultural..................................................................................................................18
Technology .....................................................................................................................18
Legal ................................................................................................................................18
Environment ....................................................................................................................18
Discussion ........................................................................................................................19
Hong Kong & Taiwan .........................................................................................................20
Crouching Tiger VS Hidden Dragon ..............................................................................20
Politics - Taiwan ...............................................................................................................20
A bit of History..............................................................................................................20
Kuomintan ...................................................................................................................20
International Relations ................................................................................................20
Taiwan, an isolated country? .....................................................................................21
Recent History..............................................................................................................21
Rising Tensions with PRC .............................................................................................22
Economy – Taiwan .........................................................................................................22
GDP ..............................................................................................................................22
Economic Policy..........................................................................................................22
Rania El Ghalbzouri 2
, Asian Business Topics Summary
2022-2023
Electronic economy ...................................................................................................23
Foreign Trade...............................................................................................................23
Demographic .................................................................................................................23
Socio-Culture ..................................................................................................................23
Demographic ..............................................................................................................23
Flag & Flower ...............................................................................................................23
Millennials and other challenges ..................................................................................24
Technology – Taiwan......................................................................................................24
Legal – Taiwan ................................................................................................................24
Environment – Taiwan ....................................................................................................24
Discussion - Taiwan .........................................................................................................25
Politics – Hong Kong .......................................................................................................26
Failed in London, try Hong Kong................................................................................26
One nation, two systems 国两制 (Yī guó liǎng zhì).....................................................26
Hongkong = S.A.R .......................................................................................................26
The Hong Kong protest 2019-?? .................................................................................26
Economy – Hong Kong ..................................................................................................27
GDP ..............................................................................................................................27
Economic Assets .........................................................................................................27
Foreign Trade...............................................................................................................28
Financial Centre: .........................................................................................................28
Socio-cultural – Hong Kong ...........................................................................................28
Demographic .................................................................................................................28
Millennials and other challenges ..................................................................................29
Rich and poor in Hong Kong .........................................................................................29
Technology – Hong Kong ..............................................................................................29
Legal – Hong Kong .........................................................................................................29
Environment – Hong Kong .............................................................................................29
Discussion – Hong Kong .................................................................................................30
China...................................................................................................................................31
Napoleon’s Prophetic words .........................................................................................31
Political ............................................................................................................................31
To forget one’s ancestors is to be a brook without a source, a tree without a root
......................................................................................................................................31
3 individuals who marked the XXth century in China ..............................................31
Succesors of Deng XiaoPing ......................................................................................32
Rania El Ghalbzouri 3
, Asian Business Topics Summary
2022-2023
Economic ........................................................................................................................33
GDP ..............................................................................................................................33
Composition of the GDP ............................................................................................33
Average Wage Forecast ............................................................................................33
Foreign Trade...............................................................................................................34
Investments Abroad....................................................................................................34
Local market: consumer trend...................................................................................34
Jack Ma .......................................................................................................................35
Socio-cultural ..................................................................................................................35
Statistics........................................................................................................................35
China has different names .........................................................................................36
Freedom & Freedom of speech ................................................................................36
Technology .....................................................................................................................37
R&D / GDP ...................................................................................................................37
Internet use ..................................................................................................................38
Taobao ........................................................................................................................38
Transportation technology .........................................................................................38
Legal ................................................................................................................................38
Environmental .................................................................................................................38
The situation is not perfect .........................................................................................38
Some facts ...................................................................................................................38
Reality ..........................................................................................................................39
Air quality .....................................................................................................................39
Measures......................................................................................................................39
Discussion ........................................................................................................................40
India ....................................................................................................................................41
Politics ..............................................................................................................................41
Violence Harmony: prehistory ....................................................................................41
Violence Harmony: the Arians ...................................................................................41
Violence Harmony: idea ............................................................................................41
Violence Harmony: 3 rulers.........................................................................................41
Violence Harmony: Trade ..........................................................................................42
Violence Harmony: ⬌ science and culture..............................................................42
Violence Harmony: ⬌Chola and invasions ..............................................................42
Violence Harmony: ⬌ Mogul Empires .......................................................................42
Violence Harmony: ⬌The Mogul Empires.................................................................43
Rania El Ghalbzouri 4
