Asia , the World most populous continent, has shown a spectacular rate of economic development over the last four decades. However, most of that growth was confined to the East Asian Rim countries and China. China does not have the religious and ethnic problems that India has and is far more accessible to East Asian markets. Therefore the prognosis of doing business in China is better. Africa is the poorest continent of the World.
Population increases that exceed growth rates compound the problems of most African countries.
Falling per capita GDPs in African countries will persist for several reasons, including the existence of unstable governments, foreign debts, lack of educational skills, agricultural problems, and dependence on minerals and a few other products of export which will affect their terms of trade negatively. The rest of Latin America has its share of economic problems one of which is the high level of foreign debt. Raw materials and agriculture remain the main source of comparative advantage. Globalism, privatization, and regionalism are the three main currents in the world today. Technological innovation is a driving force in the world economy and has no distinctive nationality.