Summary
In this project, I analyzed the economic development among most influencial countries in Asia. I selected two developed countries, Japan and Korea, while I also selected three developing countries, China, Thailand and India in order to better compare and evaluate their economic development within the past 10 year.
Through the overall analysis, I come up with the following conclusions:
1.The main countries in Asia have an continuous economic growth and people improved their life quality a lot during the past 10 years. Especially, the countries with higher annual GDP growth are China and India and the 2008 global financial crisis did not make great influence on them. However, Japan was highly affected by the financial crisis and it even stopped its economic growth.
2.Among the big Aisan countries, Japan and Korea have pretty higher unemployment rate. We can conclude that the developed countries like Japan and Korea slow down their economic development.
3.Japan and Keroa are the countries with higher urban population. That means Janpan and Korea as developed countries have higher life quality than the developing countries, including China, India and Thailand.
4.Japan and Keroa are also the countries with higher rate of people using the Internet. We can see that the advanced countries have better welfare benefits than developing countries.
5.Thailand and China are the countries with higher income share held by highest 20%. That means there is unequality in the income distribuation. Therefore, there is still room for further improvement compared with the developed countries.
