Is the 21st century 'Asian Century' for innovation? Read Idinvest's article by Sophie Beric
With about two-thirds of the world population and led by the world's second largest economy, Asia is at the core of global economy growth and might well transform the 21st century into 'Asian Century'. Under one condition though: that Asia takes the lead in innovation. Asia has seen a boom in economy, first with the rise of Japan and the Asian Tigers (Hong Kong, Singapore, Taiwan and Korea) then with China, now the world's second largest economy. Lately however, Asia has beenin the midst of a very challenging transition to slower growth, higher production costs and the imperative to produce higheradded value products and services in a more and more globalizedand competitive economy. It is only natural that this competitiveedge can be found in innovation.