McDonald’s in Taipei. By the 1990s, Taiwan had already become a “post-nation” (source) East Asia has long been bucking the trend toward globalization. Its countries have become major players in the global marketplace, while jealously guarding their cultural specificity and national character.But East Asia is now getting with the program. South Korea in particular has embraced the view that all factors of production, including its own people, should submit to the logic of globalization.
China is McDonald's Inc.'s fastest-growing global market, said Tim Fenton, the company's president for Asia, Pacific, Middle East and Africa. He said the country's $300 billion-a-year "informal eating out" market is expanding at an ... Read Post
Cool chart here from Nomura, which examines export from Asia's "Big 4" (China, Korea, Taiwan, Singapore). It shows the year-over-year change by end export destination. The real story, they note, is how fast the Rest Of Asia (Asia ex... Read Post