Blogged Pages - 2420151254

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Fall of the West and Rise of Asia: Global Shift in Production

From the Blog lahoreschoolofeconomics Dr. Sirimal Abeyratne, the Professor of Economics at the University of Colombo gave a presentation on the “Fall of West and Rise of Asia: Global Shift in Production” in the Mahmood Chaudhry Library which was attended by senior faculty and large number of Economics students. Dr. Sirimal explained in the session how the economy was changing over the years and the production was shifting from Western high income countries to the South Asian countries. During the economic recession in the early 21st century, while high income countries faced negative growth rates, Asian countries somehow still managed to grow significantly causing a global shift in production from advanced to developing countries. A larger portion of the growth was contributed by China and India. According pakistanblogs.blogspot.comRead Full PostComments

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