Asia is the newest world economy big enough to be compared to that of the United States. What does that mean for the U.S., and the rest of the world?
The eighth annual Northeastern University Center for Emerging Markets’ Symposium, ‘On the Rise of Asia: How Should U.S. Companies Respond,” was held on Tuesday, June 5, 2018 on campus at the Raytheon Amphitheater. The day- long event featured seven CEOs and corporate executives from a range of industries.
Dunton Family Dean Raj Echambadi opened the symposium. “The future is bright,” he said. “Asia is an attractive destination for businesses looking to compete.”
Asia currently represents one-third of the world’s market by gross domestic product. China represents 15 percent of the world GDP.
Jimmy Weng, DMSB’07, and current head of offshore investment strategies at ICBC-Credit Suisse Asset Management, opened the symposium in a video call from Hong Kong.
Weng believes Asia’s economy is entering a “supercycle” of market boom.
Other speakers included Peter Goodson, Distinguished Fellow, Emerging Markets Institute, INSEAD, Syed Jafry, president of regions at Thermo Fisher Scientific, Suran Magesvaran, President, P&G Asia-Pacific and P&G India-Middle East-Africa, Singapore, Cyril Perducat, EVP, IOT and Digital Offers, Schneider Electric, Boston, Jack Perkowski, CEO, JFP Holdings, Beijing and Vivek Sharma, CEO, Piramal Pharma Solutions, Boston.
“China is leading the way to a new era in globalization. The headroom for growth in Asia is very significant,” said Ravi Ramamurti, University Distinguished Professor of international business and strategy and symposium organizer.
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