Article Abstract:
The overall natural disasters in 2005 began with preoccupied Asia's tsunami, a tidal wave originating from a 9.15-magnitude undersea earthquake about 100 miles west of Sumatra, also Pakistan's worst earthquake with 7.6 magnitude about 65 miles northeast of Islamabad with its epicenter Azad Jammu and Kashmir, meanwhile a global avian flu pandemic contracted from infected poultry in Asia. The short-term impact graved in both, humanitarian and ecological terms, while medium term recorded in annual gross domestic product growth rates.
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Article Abstract:
Asia faced an exceptionally good year economically in 2006, surging ahead as the world's leading new growth locomotive, and its secular authoritarian states have not been greatly affected by political crisis and popular unrest. Some negative aspects of globalized industrialization have emerged, resulting in greater attention to conspicuous economic inequity, corruption, and pollution.
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Article Abstract:
Possible reasons for the Asian Financial Crisis (AFC) that had its effects as far off as Russia and Brazil with comparatively less impact on Asian economies are presented.
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