The rise of Asia, specifically China, with its enormous domestic market and millions of Engineers has been one of the most exciting economic developments of the second half of the 20th century. Asia is fast being developed by Asians themselves and is daily growing less dependent on the West, both for capital and for markets.

The study, by Wolfgang Veit and Theda Fuchs of Deutsche Bank Research in Frankfurt, focuses on the nine newly industrializing economies - China, Hong Kong, Indonesia, Korea, Malaysia, Philippines, Singapore, Taiwan and Thailand. Excluding Japan, they account for nine-tenths of the region's exports. Asia is set to enjoy a wave of technology-led expansion. Capital spending is roaring ahead with heavy investment in the latest-generation technologies of everything from computers to chip making equipment.

Asia-Pacific Economic Cooperation “APEC” forum to start constructing the free-trade area to which the 18 APEC countries agreed in principle in Indonesia in November, 2007. De facto, business-driven economic integration is advancing so rapidly in East Asia that most of the best investment and trading opportunities will have been snapped up well before the free-trade area comes into force.

The South Asian Association for Regional Cooperation “SAARC” comprises Pakistan, India, Bangladesh, Nepal, Sri Lanka, Bhutan and Maldives. The basic aim of SAARC is to promote active collaboration and mutual assistance in the economic, social, cultural, technical and scientific fields with member states.