With the promotion of China's One Belt One Road policy, Central Asia, located in southern Russia, has become the focus of future economic development.
MERCOSUR will strengthen mutually beneficial cooperation among members in the post-epidemic era, to achieve the goals of expanding export markets, consolidating industrial development, attracting foreign investment, creating employment opportunities, and revitalizing the economy.
The Gig economy is closely related to the platform economy. People can use various types of online platforms to quickly match jobs in real-time so that the types of jobs covered by the gig economy platform are more diversified and the gig workers can develop rapidly.
The green economy is a necessary trend for the global status quo. Governments must also fundamentally reform their policies. It is not easy to achieve this goal, but if we want to move towards sustainable development, the green economy will become key.
The main goal of RCEP is to integrate the existing ASEAN+1FTA and add new regulatory rules, such as e-commerce, telecommunications services, etc., to establish unified trade rules for Asia-Pacific countries.
Latin America not only has vast territory, rich natural resources, sufficient consumption capacity, and market potential but also has successfully promoted regional economic integration over the years. Latin American investment and trade opportunities should not be underestimated.
Latin America and the Caribbean (LAC) will resume economic growth in 2022, after contracting by 6.7% in all countries due to the effects of the pandemic last year. The recession caused by the epidemic will take years to recover from, and those living in poverty will continue to be the most affected.
In recent years, Taiwanese businessmen have been working hard to expand into emerging markets, and have gradually begun to pay attention to the African market because of its huge market potential. However, the epidemic hit Africa's economic development hard, and there are still huge numbers of poverty-stricken people.
The NFT market is growing explosively. In January 2021 alone, the transaction volume of NFTs reached a high of 200 million US dollars, compared with 250 million US dollars for the whole year of 2020.
The goal of Making Indonesia 4.0 is to achieve Indonesia’s entry into the top ten economies in the world by 2030. The roadmap of Indonesia’s Industry 4.0 is the key to enhancing the overall competitiveness of Indonesia’s industry in the future digital era, guiding the implementation of Indonesia’s national strategy, and where the interests are at stake. Cooperation and coordinated implementation between various industries aim to promote inclusive national growth and sustainable community welfare.
In terms of 2019 data, India is the world's 10th largest machine tool producer and the world's 8th largest machine tool consumer. The Indian government has set a target for India’s manufacturing output value to account for 25% of GDP by 2025. Together with the prime minister’s active promotion of "Made in India", it will bring a huge boost to the demand for machine tools in India. The Indian machine tool market still has considerable development potential, and the Indian manufacturing market is rising rapidly.
With the spread of the US-China trade war, the development and business opportunities of Vietnam's industrial manufacturing have been accelerated. In recent years, Vietnam’s economic situation has performed well. In 2018, Vietnam’s average national income per capita reached US$2,590, an increase of US$200 from 2017 and 1.23 times that of 2015. The Vietnamese government is working hard to promote the development of the manufacturing market and set the goal of becoming an industrial power.
In recent years, the world has been affected by extreme climates, and the supply of water services has begun to face major changes and tests, causing the world to face more serious water shortage problems. The fierce competition for water resources comes from the fact that the earth will face a 40% water shortage from 2030.
Although the share of manufacturing in Japan's GDP has declined in the past few decades, Japan still has a very large manufacturing base. In addition, Japanese manufacturers have extensive global connections, especially in Southeast Asia, many of which have substantial operations in countries such as Thailand.
There are many reasons for manufacturers to move their offshore or near-shore production bases to Mexico. The advantage of cheap labor is one of the most prominent.
Russia is one of the four BRIC countries. The reason why Russia is listed as the BRIC is that Russia has a wealth of raw materials. Russia is easy to stand firm in the development of industrial production based on a balanced defense manufacturing industry foundation pace. But also because of Russia's abundance of raw materials, its export industry projects are too focused on fuel and energy products.
As most of the world still struggles with the coronavirus pandemic, China is showing once again that a fast economic rebound is possible when the virus is brought firmly under control.
South Korea is the world's sixth-largest machine tool producer and the world's fifth-largest machine tool consumer, with an average consumption of approximately US$4.33 billion. Among them, nearly 70% of the consumer market's demand is for products provided by local machine tool factories, and only close to 30% of the products must be imported from abroad.
Italy has a solid industrial foundation and is the second-largest producer of machine tools market in Europe.
Central and Eastern European countries are emerging markets. Among them, Poland, which is located in the transportation hub of Western and Eastern Europe, has the most potential for the development of the manufacturing market.