Date Added: Mar 2010
As the world emerges from the worst financial crisis for more than a generation, a shift in economic power from West to East is gathering pace. With many developed countries weighed down with debt and facing years of sluggish growth, corporations and portfolio investors are looking to the dynamic markets of emerging Asia as one of the most promising sources of long-term growth. This focus on the fastest-growing markets of Asia is mirrored by the rapid development of financial centers in the region, such as Mumbai, Shanghai and Singapore. Global financial institutions continue to increase their presence in these centers to take advantage of strong economic fundamentals, a growing customer base, favorable demographics and deepening financial markets.