Asia. The largest and most populous of the continents has gained riches and power faster than any other region of the world. In less than 20 years, the aggregate GDP of Asia Pacific has nearly doubled and the real GDP for the region in 2008 stood at 3.8%, surpassing that of the world average by 1.6 %. Not surprisingly, it has emerged as the new power centre with the strong economies in the region seemingly pulling the world economy forward and shifting wealth to its doorsteps, especially post the 2007 global financial crisis. Today, the Group of Eight (G8), formed over 30 years ago and consisting of only eight wealthy nations such as Britain and the US, has been replaced by the G20 which has more Asian and developing nations as its members as the premier economic forum for international economic cooperation. This change reflects a new world order in which Asia represents one of the largest forces to influence decision making on global issues.
Asia is also traditionally known as a knowledge powerhouse. Asians, as a people, dominate practically every sphere of activity internationally, with their admittedly sharp intellect, affable personality and adaptable nature. Business, technology, software, development, science, research, finance, management, marketing… more often than not, you are likely to find Asians in the top echelons.
139 Asian corporations have entered Fortune Global 500 in 2009, a 10% increase in one year alone. Billionaires in Asia have nearly doubled last year and these new stars are making their fortunes largely by catering to their own economies. Recognising the robustness of the economies, the huge potential they represent, the dominant share of world employment as well as tremendous pool of human talent, global majors have made Asia their port of call – whether as part of their expansion plans, setting up research hubs & manufacturing units or skewing of marketing strategies. One thing is clear: Asia is the new land of opportunity.
All these factors tip the scales in favour of Asia as the destination of first choice when it comes to management education. It is where you need to be present to learn to address the challenges of today's increasingly complex business world. And, it is what makes a vital difference in your CV and to the direction your career is headed.
Asia4, represented by the region's top B-schools – CEIBS, HKUST, ISB, and Nanyang Business School – all feature among the top 30 in the Financial Times (London) rankings of the Top 100 Business Schools in the world. These are the crucibles where thought leaders are forged and empowered to lead successful organizations into the future. This is where you should be.
