The economy of Asia comprises more than 4 billion people (60% of the world population ), living in 46 different states. In addition to this, there are six further states that lie partly in Asia, but are considered to belong to another region economically and politically.
As in all world regionws, the wealth of Asia differs widely between, and within, states. This is due to its vast size, meaning a huge range of differing cultures, environments, historical ties and government systems. The largest economies in Asia in terms of nominal GDP are Japan and China. This demonstrates the huge disparity in wealth in Asia, with Japan being the world's second largest economy, and Cambodia being one of the poorest. In terms of Purchasing Power Parity however, the People's Republic of China has the largest economy in Asia and the second largest in the world, followed by Japan and India as the world's third and fourth largest economies respectively. South Korea is also an economic leader and has one of the largest economies in Asia and the 11th largest in the world.
Latin America countries have begun the transition from their state-dominated economies to foreign investment, and free market. This is producing the following results: Open to investors, inflation is down, investment up stock markets are booming, government spending is under tighter control and economies hove begun to grow. Latin America is beginning to show real success in opening its economies, and one of the strongest signs is the flourishing of its stock markets.
It is impossible to ignore changed that have occurred in Latin America countries that are recapitalizing themselves. A large portion of foreign investment currently being injected in Latin America
There are indications that economic changes are leading to new investor confidence in Latin America.
Latin America became a net importer of capital from individuals and companies that have been investing overseas, top international financial institution, and worldwide investment groups.