Browsing Tag

economy

13 posts

South Korea is one of the world’s most innovative economies thanks to Hallyu

South Korea economy

Thanks to K-pop, IT and medical research, South Korea has now been deemed the fifth most innovative economy in the world. 

An innovator rises: South Korea was ranked in the top five of the Global Innovation Index (GII) 2021, according to a report published on Monday by the World Intellectual Property Organisation (WIPO), a specialized agency of the United Nations.

U.S. Could Lose ‘World’s Most Powerful Economy’ Title to China By 2020

Economists believe that China’s growth could lead it to surpass the United States as the world’s most powerful economy by 2020, according to a new research report released by Standard Chartered Bank.

The report suggested that the U.S. will not only lose its crown as the world’s biggest economy but that it will be unlikely to regain it anytime soon, according to Business Insider.

China is Poaching Taiwan’s Educated Citizens to Work on the Mainland

China’s efforts in recruiting educated Taiwanese citizens have placed Taiwan at a grave risk of suffering from a massive brain drain, experts warned.

Based on official government data 2015, over 720,000 of Taiwan’s 10 million strong workforce sought better job opportunities abroad, revealing that 72.5% of them have at least an undergraduate degree or higher.

Americans Are Starting to Like China More, Survey Says

Although Donald Trump anticipates a “very difficult” meeting with Xi Jinping at Mar-a-Lago this week, 44% of Americans have gained positive views of China, according to a recent survey.

That figure is up from 37% in 2016, but China’s unfavorability has dropped from 55% to 47% over the past year, according to Shanghaiist, citing a Pew Research Center survey that was released on Tuesday.

Here’s a Breakdown of What Brexit is and What it Means for the U.K., European Union

On Thursday, June 23, the people of Britain voted for their country to leave the European Union (EU), otherwise  known as “Brexit.” More than 30 million people voted, and those in favor won by a narrow margin of 52% to 48%, signalling the beginning of what may be the disintegration of one of the world’s largest economic alliances.

Formed after World War II, the EU was created as a pact of economic unity between Germany and France. Ultimately more European countries joined in the later decades, including the United Kingdom, for a total of 28 members.

China is Aiming for an Epic Economic Comeback With Rice Cookers and Smart Toilet Seats

China is hoping sales of rice cookers and smart toilet seats will pick up its economy.

The Chinese government plans to focus on driving the economy with domestic consumption rather than trade and investment. According to South China Morning Post, cabinet documents reveal that officials are pushing to develop better products including electric rice cookers, kitchen appliances, air purifiers, smartphones, toys and luxury toilet seats.