Asia becomes an "incubator" of billionaires
Asia is becoming an "incubator" of billionaires. This process is particularly successful in the eastern part of the continent. This is the opinion of financial market analysts, who studied the activities of more than 1,500 billionaires. It turned out that 637 of them were from Asia, mainly from the PRC and India, and 563 from the USA.
The New World still owns a large capital - 2.3 trillion dollars against 2 trillion in Asia. But experts are sure - the trend is set, and if nothing seriously changes, Asian super-rich people will need about 4 years to bypass American tycoons.
The study of the Asian rich list does not reveal any features or regularities - just like everywhere else. People are getting richer in technology, industry, real estate, retail. But there are five times more people who "made themselves" than members of business dynasties, and on average, they are 10 years younger than their "colleagues" from the Old and New Worlds.
The most successful Asian countries in the sphere of business development are Singapore, South Korea, Hong Kong, Taiwan, Malaysia and Thailand. In these countries, the index of economic freedoms is very high, which makes it easy to start a new business, without problems paying taxes and counting on the exact implementation of legal procedures by civil servants.
In contrast, Asian heavyweights - China, India and Japan are going the other way. They are far from the first places in the index of economic freedom, but they occupy leading positions on the number of protectionist measures. That is, they are zealously defending their markets and considering the interests of national business, as state ones.
For the sake of justice, it is necessary to note the stereotyped for these states relatively low pay, incredible diligence, devotion to the "native" corporation, the desire to learn new technologies and get education.
At the same time, all Asian states and business structures demonstrate incredible flexibility. They are assertive and persevering when they have enough assets, and are heartwarming to submission, when these assets are needed.
Thus, overall growth is achieved, and one of the poor goes into the middle class, and someone becomes another millionaire.
