Monday, October 15, 2012

Marc Faber : Asia Does not Depend on Exports to The US and Europe

Marc Faber : I would say manufacturing is in some countries (in Asia) important in others it is less important but it would be wrong to assume that the whole region depends on exports say to Europe or the united states , the exports say from south Korea Taiwan and china to other emerging economies are much larger that the exports to the US and Europe and exports to resource producers from Korea are larger than combined exports of Korea to the US and Europe , so it would be wrong to assume that the whole Asia depends on Europe and the US , we have in Asia 66 percent of the world's population in other words we have over 4 and a half billion people they can easily grow from within - Marc Faber on OneRadioNetwork October 2, 2012
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