Economy of Asia Economy of Asia See also: Economy of the world – Economy of Africa – Economy of Asia – Economy of Europe – Economy of North America – Economy of Oceania – Economy of South America The economy of Asia comprises more than 4 billion people (60% of the economic region. China is the largest economy in Asia and the second largest economy in the world. Japan in particular managed to develop its economy due to a reformation known as the Meiji Restoration. The Japanese economy continued to grow to promote their domestic economy. These policies limited the economic had the second largest economy in Asia. The Philippine economy during government, the entire economy was undergoing a remarkable South Korea, the bulk of Taiwan's economy is dependent on small to economy for many years running, and it remains among one of the world's After the liberalization of the economy of India, the Indian economy coupled with the Chinese economy to power Asia into being one of the hotspots for world trade. The Chinese economy was already booming under considered as biggest reason for lack of growth of economy by both control measures to improve their economy. exports. The Philippines only began to open up its stagnated economy in the early 1990s. Vietnam's economy began to grow in 1995, shortly after Yet another potential global danger posed by the economy of Asia is the According to the World Bank, China may become the largest economy in * World economy * Economy of East Asia Economy: Seizing the 21st Century. WBI Development Studies. World Economy of Asia Culture · Demographics · Economy · Geography · History · Politics * Economy of Asia