Talk:Economy of Asia

Untitled old discussion

I copied the template from the Economy of Europe. Sorry if it looks weird, I'm no good with HTML and stuff. At least, it's a start :). KNewman 18:09, Nov 28, 2004 (UTC)

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How can India and South Korea both be the fourth largest economy in the world? The article says that and leads to confusion. Somebody should clear that up.

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Spent most of today adding to this page, starting to look really good (if I do say so myself!). It'll be up there with Europe and Africa in no time! Grunners 19:19, 30 Nov 2004 (UTC)

History

Pre-1945

I've written some material for the period prior to the second world war. Hope somebody can proofread that. __earth 03:49, Dec 2, 2004 (UTC)

looks good! Grunners 13:25, 2 Dec 2004 (UTC)

GDP

For GDP numbers, these countries are in the IMF database, [1], [2], they add up to $18.077 and $8.782 trillion for 2003. What was the average population during 2003? I'll use the 4,000,750,000 number for now (for the GDP/capita number). - Jerryseinfeld 00:04, 4 Dec 2004 (UTC)

"In the Straits of Malacca, Malacca established itself as an important port in Asia".

IMHO, think it is rather incorrect to phrase it this way. There were a few well-known ports such as Malacca, Penang and Singapore at different time frames. I am sorry that I do not have the details with me. oK

Some of the GDP numbers reported here are way off (October 9, 2019). India's nominal GDP is claimed to be $11 trillion, when it's in fact around $3 trillion. Same goes for its GDP PPP which is not $20 trillion but closer to 11.5. Same goes for Japan: Nominal GDP of $10.5 trillion and a GDP (PPP) of $5.7 trillion. These two numbers together obviously make no sense. Whoever faked these numbers did an incredibly poor job. PPP figure is correct bt nominal should be around $5.1 tr. I didn't check the other ones manually but someone should. I just noticed these two values because they were nowhere near to where they should be. — Preceding unsigned comment added by 92.108.197.10 (talk) 23:53, 8 October 2019 (UTC)

Hey

I'd like to let you know i'll be trying to give a hand at expanding this article over the coming weeks. I've begun to develop the economic sectors section, adding a few images and i've updated all the currencies. Im fresh off developing and gaining featured status for Celtic Tiger, and Economy of the Republic of Ireland. I hope we can entice more to help, this is the sort of article that needs people from a wide catchement of society. CGorman 21:33, 9 Dec 2004 (UTC)

Welcome aboard CGorman! Grunners 22:45, 9 Dec 2004 (UTC)

I posted this page at Pages needing attention. Hope we will get some more hands. __earth 00:38, Dec 17, 2004 (UTC)

Why does the talk page have tags? Tags go on the main article page; talk pages are where we discuss what's needed to fix the problems described in the tags. I'm going to remove the tags from the talk page and place them on the main article. 24.9.10.235 03:59, 13 February 2006 (UTC)

I removed the neutrality banner, which didn't seem necessary. If there are still issues, hopefully we can work on them. Plinkit 18:04, 14 November 2007 (UTC)

Article

This article is very negative, Asia will overpower the West soon. —The preceding unsigned comment was added by 86.30.141.202 (talk) 15:31, 16 December 2006 (UTC).

I can not understand, why - qatari, pakistani, uzbekistani,... I think that it must be just qatar, pakistan, uzbekistan and ...! without "i" —Preceding unsigned comment added by 220.80.44.61 (talk) 21:06, 31 January 2009 (UTC)

History of GDP

http://en.wikipedia.org/wiki/List_of_regions_by_past_GDP_(PPP)

This link contradicts the claim that china had the world's largest gdp uptil the 15th century. If you follow the links you'll see it's not based on fact - just false statements made. Please can somebody sort this out. It's the second time. —Preceding unsigned comment added by 59.182.229.137 (talk) 18:58, 4 March 2010 (UTC)

Someone please proofread this entire article, it is pretty poorly written. Also the ending list of 'growing financial centers' seems to have a heavy Indian bias. —Preceding unsigned comment added by 180.168.26.42 (talk) 06:42, 25 May 2010 (UTC)

Proposed Changes

Comm 3460, Cornell University — Preceding unsigned comment added by Mlc299 cornell (talk • contribs) 01:47, 1 October 2014 (UTC)

My team would like to edit this page for our class project by adding to each section and creating at least two more new sections. To start, we will add a section on Regional Policies that would contain information on major events, like leadership changes, that have significantly affected parts of Asia. Another section that we plan on adding to this page would be about of Asia in the global economy. We are looking for feedback from the wiki community for other suggestions and areas that may need improvement. Taking on this project will be a great experience and we are excited to learn from it as well as help others have a better understanding of the Economy of Asia.

Alh272, Yz567, mlc299_cornell Course Page: Online Communities Alh272 (talk) 20:54, 14 September 2014 (UTC)

Hey folks. Interesting choice of article. Here are some suggestions:

1. Add the course assignment template to the top of this talk page. — Preceding unsigned comment added by LeshedInstructor (talk • contribs) 16:55, 15 September 2014 (UTC)
2. In addition to your description of what sections you will add, you also need to describe where you are planning to get the information for them - what will be your sources.
3. Similar with the graphs and charts - where are you going to get them from and how will you ensure the follow the copyright guidelines?
4. Make sure you add structure to edits. For example, your description of proposed changes could benefit from bullet points to organize your thinking and make it easier to read for the audience.

Happy editing! LeshedInstructor (talk) 16:54, 15 September 2014 (UTC)

New Sections

1. Regional Policies

• We want to talk about leadership changes that have significantly affected the economy of Asia, for example Shinzō Abe, prime minister of Japan, introduced the country to Abenomics which is based upon "fiscal stimulus, monetary easing and structural reforms"
• In the Philipines, this region is stuck with corruption and cronyism, or the appointment of friends and associates to positions of authority despite their qualifications, which has a big impact on their government and businesses
• We will also talk about China's Five-Year plan, which are a series of social and economic development initiatives that happen under a new leader

• When introducing the impact of China's social and economic development initiatives, we will also talk more about the impact that China's economic reforms have had.

1. Asia in the Global Economy

• We will use graphs and charts to show a more in depth view of Asia's capital markets and how they have impacted the global economy as a whole

[as of 9/30/14] We added a new section with two subsections detailing recent specific regional policy reforms/changes and plan to add more (potentially the Aquino administration in the Phillipines and perhaps others)

• Asia is becoming increasingly important in the World's economy and we would like to discuss how Asia is doing so and what impacts have they made so far Alh272 (talk) 02:20, 18 September 2014 (UTC)

Additions

We would like to add to the more recent economic sections (2008-now). The most recent source for the page is from 2010 and there have been many changes since then. One important change is the Shanghai Free Trade Zone. We would like to add information about this.

Added a paragraph about the Shanghai Free trade zone to recent economic sections (2008-now). Mlc299 cornell (talk) 02:41, 1 October 2014 (UTC)

— Preceding unsigned comment added by 128.84.126.232 (talk) 01:26, 25 September 2014 (UTC)

Good work, @Alh272, @Yz567, and Madeleine. Here are couple of suggestions for you to improve the article:

a) Please make clear the work distribution among the team members.

b) If you are not talking about the recent development projects of all the countries, you may need to make that clear in an introduction paragraph at the start of this section. Also, you may want to find a better heading so that the readers do not get confused.

c) The photo of Japanese Prime Minister may not be much relevant with the context of the article.

d) "The stimulus package was 20.2 trillion yen ($210 billion) and the government also aimed to create 600,000 jobs in two years." needs citation

e) You may look for academic and political conferences and meetings that discuss the economy of Asia. You can also talk about the academic journals that are relevant to this article.

f) Make sure you sign and summarize all your contributions.

IshtiaqueAhmedCornell (talk) 03:28, 2 October 2014 (UTC)

Peer Feedback

Contents

• In your proposed edits portion, you mentioned that you would add in information about Asia's economy in the scope of the global economy. We feel like this would a great way to highlight Asia's economy and help the average reader better understand the information that this page provides.
• Overall, the phrases or paragraphs that are currently on the page are clear and well-written.
• The existing content is informative and contain a neutral point of view.

Organization and Style

• In regards to the new section that you guys created, called 'Recent Regional Developments,' it may be useful to move that information into a subsection of the 'Economics development' section. After all, recent developments would fall somewhere in between the '2008-present' and 'Future' subsections.

Sources

• For the most part, all sources were cited well. There's just the one section about the stimulus package in Japan that needs some form of citation.
• We fixed a broken link in the 'Abenomics in Japan' subsection.

--Cw585 (talk) 18:33, 2 October 2014 (UTC)

--Lgao33 (talk) 18:34, 2 October 2014 (UTC)

--Alexliow (talk) 18:37, 2 October 2014 (UTC)

Additional feedback

Thank you very much for your contributions to the article, they're a real improvement. I think there are a few more changes you could make that would make them more valuable.

1. Use a reference template for your references. Right now they are what we call 'bare URLs' - they don't include a source or an access date. Over time, web pages get renamed (as websites are reorganized) and it can sometimes be difficult to track down a reference if you only have a URL. If you have the actual name of the publication and full citation data, it's often a lot easier to update links.
2. Incorporate your section into the Economic development section, between the 2008-present section and the Future section. That seems like the logical place for it in the flow of the article.

A few additional things - there are some "citation needed" tags in the article. If you could find sources for some of the things that are tagged, you can replace the 'citation needed' with a source. Don't worry too much about it, but if you do find some, that would be an improvement to the article. There is also a big, ugly banner at the top of the page saying that the article has multiple problems. If you can add some of the missing citations that, coupled with your updated content, might be enough to warrant removing the template. (Leave the one on the Currency section, unless you want to try updating that one.) It's entirely possible that someone else might still think the banner is needed and re-insert it; if they do, don't worry about it. But I think your improvements might warrant removing the banner. Ian (Wiki Ed) (talk) 11:54, 7 October 2014 (UTC)

Thank you for your feedback Ian (Wiki Ed)). We will work towards implementing these changes and hopefully you will be delighted by these improvements. Alh272 (talk) 17:42, 9 October 2014 (UTC)

Tip: A way to quickly deal with citation templates is to use WP:REFLINKS for web, and http://reftag.appspot.com/ for Google Book cites.

Review comment: Good additions, but some of the content you have added is unreferenced: [3]. Remember, citations should be added at the end of each sentence if sources used are different then in proceeding sentence, and always at the end of each paragraph. In your edits I see a lot of totally uncited paragraphs, and some with a ref in the middle. Please increase the reference level density. Take a look at today's Featured Article on the main page and consider the reference density there. Cheers, --_{Piotr Konieczny aka Prokonsul Piotrus| reply here} 02:31, 17 October 2014 (UTC)

Continuing Edits by Yuqing Zhang, Madeleine Corneli and Alencia Harris

Achievements Our most notable contribute is helped the page to move up from a 'Start page' to a C-Class level page. Based on our previous edit, our team have improved the structure of both the Talk page and the Article page and rewrote the introduction part of the article to make it more coherent to our edits. One of the requirements for a B-Class article is "defined structure". We created a new section "Regional Variation“ similar to the same section in Economy of Europe. We moved the GDP data to this section and added or moved content that was specific to certain regions to the new section. We hope that this additional structure help better organize the content of the article. We updated the information and focused on events happened after 2008. We brought in more visual display of the information by updating currency charts and added new picture of Hong Kong Stock Exchange . Furthermore, to ensure the credibility of this page, we conducted thorough research and fact check to all previous edits including both works from our team and other Wikipedians. We reviewed all articles for grammatical accuracy. Most of the information before were uncited and we went in, and made sure each one of the paragraphs were cited. We found ourselves evolve through the process and our roles have moved from 'peripheral' towards central. We started to help improve works of others and became more active in this community.Yz567 (talk) 02:40, 24 November 2014 (UTC)

Our ultimate goal is to solicit a re-assessment for this article. The requirements for a B-Class article are:

1. suitably referenced: We have added references wherever we were able to support the content we added and the content already present in the article. We also found sources for any citation needed tags.
2. no obvious omissions: We updated the out-of-date information on the page and added content for the past several years. This makes the article more relevant and reliable.
3. defined structure: As stated above, we added a new section and several new subsections to better organize the content in the article.
4. well-written: we went through the article and made several small grammatical changes to improve the quality of the article.
5. supporting materials: The currency chart has been updated and we added an image to support our new content.
6. understandable: We made sure our new content was clear and not too technical

by doing what have been described we are working on helping this article to move up to a B-class. We still have several more updates to make but we hope to apply for a re-assessment on the WikiProject Asia page to get this article bumped up to a B-Class article.Yz567 (talk) 02:16, 24 November 2014 (UTC)

Challenges Through our assessment, the main issues that preventing the article to move up are:

1. insufficient citations/references for previously written sections and the content we added
2. one specific section that was added by another user, 1991-2007, needed quite a few citations so facts were checked and matched to reliable sources Alh272 (talk) 18:01, 16 November 2014 (UTC)
3. article is outdated, especially the Currency section
4. we were trying to reach out to users who edited this page as well as related pages such as 'Economy of Europe,' and so far we didn't receive many instructions and feedbacks. But we did receive some useful inputs and took actions to fix the problems.

Changes Proposed On Nov 22 We have already added some content to the article discussing some recent reforms in Asian nations. We would like to add further content that discusses more recent economic changes in Asian countries. We would like to use the Economy of Europe page as a template for our updates. In particular, that article has a "Regional Variations" section that includes nation-specific information and GDP data (among other information). We plan to add a "Regional Variations" section and move the existing GDP data there and add a subsection consolidating the current information we have about China. We have received some helpful feedback from Wikipedia users suggesting some of the updates we plan on making. We will continue to reach out to other users and we welcome any feedback! Yz567 (talk) 02:12, 24 November 2014 (UTC)

Proposed changes with sources indicated (some of this information we have already added but we plan to update it with references):

• Discussion of the Shanghai free trade zone; what it is and how it affects Asia and the World's economy

• Abenomics and how these policies affect Asia

• Recent economic reforms specific to China

• Updating the currency chart to reflect current 2014 exchange rates as well as verifying banks and currency names

• Adding supporting citation where needed in the 1991-2007 section

• Use WP:REFLINKS to fix problem links throughout the article
• China is set to open its stock market to foreign investors through the 'Shanghai-HK stock exchange connect program'
• China's new plans to regulate debt in local governments

Alh272 (talk) 03:34, 17 November 2014 (UTC)

These proposed updates should be more than sufficient to deal with the two main problems preventing this article from being B-class. Once we have completed our proposed updates we plan to remove the C-class article flag at the top of the page as proposed by User:Ian. Mlc299 cornell (talk) 17:40, 16 November 2014 (UTC)

User:LeshedInstructor We already moved the course assignment template to the top, and we have included sources and where do we want to use them. In addition to that, we brought in pictures as well as updated the chart. We restructured our page and hopefully things could be clearer now. Yz567 (talk) 02:36, 24 November 2014 (UTC)

User: IshtiaqueAhmedCornell Thank you Ishtiaque, we will add team distribution. As for the picture of Japanese prime minister, since the program was named after him, and we thought it could be helpful to bring in his image. Please let us know what you think of it, and whether we need to take it off. Moreover, We fixed the citation issue and added more journals that are relevant to the article. Finally we will start to sign our worksYz567 (talk) 02:36, 24 November 2014 (UTC) User: Moonriddengirl Hello, based on our last discussion, our group reorganized the page and added more citations. Would you please take a look and let us know areas of improvement in order to make it a B-Class level page? Thank you! Yz567 (talk) 04:22, 25 November 2014 (UTC)

Hello, Yz567. :) I'm sorry, but this isn't really an area where I work, article assessment. My only experience in that has been assessing music articles, which have very special criteria. I'm afraid that I'm not really familiar enough with the topic area to be able to tell you what further development you might need. You are in good hands with User:Piotrus, though, who gave you feedback yesterday. Perhaps he can offer more input? Alternatively, you could invite suggestions either frm Wikipedia:WikiProject Economics or the Wikipedia:Teahouse. Either way, good luck! :) --Moonriddengirl ^(talk) 12:51, 25 November 2014 (UTC)

Hi Yz567, Thanks for making your efforts on improving this article. I just went through your proposals and checked the recent changes in the article. The changes that you made in the article are good in general. I think you have proposed enough changes to improve the article, too. I have the following feedback for your proposals: i) The Shanghai free trade zone looks like an important addition. I like the references that you are citing. I can see some Wikipedia articles in the Reference list (not added by you). I think you can make those inline link in your next edits. ii) The idea of updating the currency table is good. Make sure you support your edits with proper references. Please check other Wikipedia article to see if the website that you are using is reliable enough for knowing the conversion rate. iii) You have not provided any references for the last two updates proposed by Alh272. Please make sure you support your claims based on reliable evidences. iv) Finally, make sure you communicate with other Wikipedians directly or indirectly related to this article. IshtiaqueAhmedCornell (talk) 01:33, 26 November 2014 (UTC)

More inline references needed

I've assessed this article as C-class based on Wikipedia:Assessment scale. However, before it can receive any higher rating, all unreferenced content in the article needs to have inline references. Each paragraph should be referenced, and if different sentences within it are based on different sources, those sentences need individual references. --_{Piotr Konieczny aka Prokonsul Piotrus| reply here} 03:26, 24 November 2014 (UTC)

Nice work update and expanding the article but, as Piotr says, there are a lot of unreferenced statements in the article. In addition, you might want to take a look at the lead and make sure that it still summarised the article's content in a balanced fashion - since you added more material, you might want to change the slant of the lead slightly. Ian (Wiki Ed) (talk) 18:48, 24 November 2014 (UTC)

Working on citations

User:Piotrus and User:Ian (Wiki Ed): Thank you for the constructive feedback! We've gone through a lot more of the content and are almost at the point of having every paragraph reliably cited. We hope to finish this by tonight or tomorrow. We are also working on tweaking the intro paragraphs to more accurately reflect the changes we have made. Mlc299 cornell (talk) 04:25, 25 November 2014 (UTC)

That's good. Don't forget to cite statistics from the infobox (even if it states "Most numbers are from the International Monetary Fund." we need a reference for which pages/publications of IMF are used). When adding references, please make sure they are well formatted; ex. links to news should also give author and date, books should have ISBNs and page numbers for cited contents, etc. Use Wikipedia:Citation templates if you can, it's the recommended (but not required) best practices.

Regarding the content, the "Future" section needs to discuss topics such as like the aging of Korea, Japan and China. Regional variations section is problematic, as it only discusses recent events in China and Japan. What about Korea, for example? And where do you draw the line? I'd suggest merging those sections with recent history, and/or moving any excess content to economy of China/economy of Japan. --_{Piotr Konieczny aka Prokonsul Piotrus| reply here} 06:34, 25 November 2014 (UTC)

Dr. Park's comment on this article

Dr. Park has reviewed this Wikipedia page, and provided us with the following comments to improve its quality:

There is a discrepancy in the population between the main text (4.4 billion) and the box stat (4.2 billion)

In terms of PPP, Indonesia is larger than Korea, but the order was reversed.

The GDP table is for 2014, but the text above the table states it is from 2013.

Overall, the data can be updated.

We hope Wikipedians on this talk page can take advantage of these comments and improve the quality of the article accordingly.

Dr. Park has published scholarly research which seems to be relevant to this Wikipedia article:

• Reference : Huh , Hyeon-seung & Park, Cyn-Young, 2013. "Examining the Determinants of Food Prices in Developing Asia," ADB Economics Working Paper Series 370, Asian Development Bank.

ExpertIdeasBot (talk) 02:43, 28 May 2016 (UTC)

Dr. Thorbecke's comment on this article

Dr. Thorbecke has reviewed this Wikipedia page, and provided us with the following comments to improve its quality:

This is a very wide subject and the author has included a lot of information. There could perhaps be more discussion on the explosion of economic activity in CHina.

We hope Wikipedians on this talk page can take advantage of these comments and improve the quality of the article accordingly.

We believe Dr. Thorbecke has expertise on the topic of this article, since he has published relevant scholarly research:

• Reference : Thorbecke, Willem, 2010. "How Elastic is East Asian Demand for Consumption Goods?," ADBI Working Papers 260, Asian Development Bank Institute.

ExpertIdeasBot (talk) 15:18, 11 July 2016 (UTC)

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