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What are the factors that are contributing to the growth

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1. What are the factors that are contributing to the growth of the middle class in Asia? Discuss how the rapid expansion of middle class is likely to aid not only the growth of the Asian economy but also the global economy?

2. Most of the Asian economies are now moving towards outward oriented growth strategies. What is the difference between the inward oriented and outward oriented development strategies?

3. "The GDP goes up in case it is measured by the PPP when compared to the calculation made using market exchange rates." Discuss this statement while making difference between Purchasing power parity (PPP) and market-based exchange rate.

Reference no: EM132360281

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