China, India and Asian countries in general have had abundant potential for growth in the world economy. South Korea, Taiwan, Hong Kong and some others have all gained economic power during their industrialization process. Impressively, China had a record of strong economic growth, and to a certain extent succeeded to keep it sustainable, at least for the time being. Especially China may have the possibility of extending her efficiency in the international trade sphere. Further, when Asian economies are scrutinized from a holistic perspective, it seems that these countries would place themselves at one of the central parts of the world economic system, where Global Development Network (GDN) estimates these economies will constitute half of the world gross product by the year 2025.
Turkey should examine this viewpoint from a different standpoint, a diverse approach from the current one which should cover more scientific and strategic understanding. Therefore, so as to contribute to this approach, the Competitiveness Forum decided to communicate with Institute of East Asian Studies, Universitat Duisburg, Essen from Germany, and at the eventual phase of this process, a memorandum of understanding was signed among these two institutions. The expected outcome from this collaboration among others is to make collaborative research, to make events for knowledge dissemination.