Open AccessSWOT Analysis of Purchasing Markets in the Region of Asia
Author(s) -
Yangyan Shi
Publication year - 2016
Publication title -
business and economic research
Language(s) - English
Resource type - Journals
ISSN - 2162-4860
DOI - 10.5296/ber.v6i1.9494
Subject(s) - swot analysis , purchasing , business , international market , international trade , economy , economics , marketing
Due to the financial crisis 2008, many countries have faced the challenges from the economic downwards. There are many economic entities emerging from the region of Asia. Many foreign companies focus on exploring the Asian markets, due to low labor cost, cheap raw materials, and international transportation hub. This paper mainly examines purchasing markets in the region of Asia. Analyzing the economic outlook and business environment reveals the current market situation in the region of Asia. In addition, this paper highlights the key industries for each Asian country, which help international firms understand the features of industries in each country. A summary of popular exports products is also listed. The contribution of this paper is to give a comprehensive understanding overall of purchasing markets in the region of Asia.