By Jonathan Woetzel and Jeongmin SeongIn the 19th century, the world was Europeanized. By 2040, it is likely to generate more than 50 percent of world GDP, and could account for nearly 40 percent of global consumption. About 60 percent of Asian countries’ total trade in goods occurs within the region, facilitated by increasingly integrated Asian supply chains. With total outward FDI of US$1 trillion, these countries accounted for 54 percent of total regional FDI outflows between 2013 and 2017. South Korea alone provided 33 percent of all FDI flows to Vietnam.

Source: Taipei Times October 09, 2019 15:56 UTC