Economics and Business of the Asia-Pacific Region and Emerging Markets Essay

Economics and Business of the Asia-Pacific Region and Emerging Markets - Essay Example As the paper highlights the measurement of Gross Domestic Product (GDP) is principally viewed to be one of the decisive parameters in determining the economy of a nation. In this regard, it is observed that the economy of China has developed significantly during the post Mao period in terms of GDP. This has been more prominent after the economic liberation witnessed by the nation in the 1990s. Further development in the economy of the nation occurred during 21st century, wherein the rate of GDP is mostly found to be in double-digits. The GDP rate of China in post Mao period can be better understood from the below depicted graphical representation.This discussion stresses that  there are certain nations in Asia that have grown extensively during the same period. These nations include Japan, South Korea and India among others. It is important to note that Japan and South Korea are the nations that have shown constant growth in GDP rates during the post Mao period. Moreover, it is wor th mentioning that China has also grown extensively after liberation and more prominently in the 21st century. However, these countries i.e. South Korea and Japan could not grow in higher rates as compared to China. One of the prime reasons for China to experience higher GDP is the liberation in the economy. The open economy in the region has led to the creation of equal and fair opportunities to the traders.

How The Blood Diamond War Has Affected International Trade & Business Term Paper

How The Blood Diamond War Has Affected International Trade & Business - Term Paper Example t intervention in 2003 by the international diamond producers under the auspices of the United Nations, created several unforeseen negative externalities for African countries that have become dependent upon revenues from diamond production to support their domestic programs. The paper concludes that the Kimberley Accord process has not been effective in preventing the production and distribution of blood diamonds. In fact, it has spawned an entirely new illicit diamond distribution network through countries such as Lebanon, Guinea and Venezuela. The author posits that the civil wars funded through the sale of blood diamonds will continue in Africa. Conflict between rival factions has been a part of the continent’s culture for centuries. First it was ivory that was sold on the black markets of Europe and North Africa. Then wars over the gold deposits in South Africa killed thousands of innocent people. Today, the culprit is blood diamonds. Unfortunately, the political and economic realities of the region dictate that the future will mirror the activities and events of the past. The name â€Å"blood diamonds† is derived from the fact that these diamonds are mined and sold by rebel armies, terrorist groups and local warlords to fund their purchase of weapons. These insurgent groups then use the weapons to attack government forces or individuals loyal to the government. Blood diamond revenues (also called conflict diamonds) have grown significantly since the early 1990s. Examples of conflicts funded through this revenue source include wars in Sierra Leone, Angola, Cote d’Ivoire and Democratic Republic of Congo. The blood diamond trade and the human rights atrocities associated with it, received international attention through the 2006 film â€Å"Blood Diamond† starring Leonardo diCaprio. The movie created such a public outcry, that De Beers and The World Diamond Council were forced to respond with a public relations campaign that claimed that ninety-nine