What would be the difference in facing economic crisis between Europe and Asia?

The European crisis countries received more external financial support, despite the fact that they involved more solvency issues while the Asian crises involved more liquidity issues. On balance, the reform programs in the European crises were less demanding and rigorous than in the Asian crises.

How does Asia differ from Europe?

Europeans are more individualistic; they like to motivate themselves, instead of being motivated by other people. Asians are more focused on group dynamics; they share success and failure among each other, and let everyone know they belong to a community.

What would Europe trade with Asia?

As well as spices and tea, they included silks, cottons, porcelains and other luxury goods. Since few European products could be successfully sold in bulk in Asian markets, these imports were paid for with silver. The resulting currency drain encouraged Europeans to imitate the goods they so admired.

Is Asia really becoming an alternative Centre of Globalisation?

Asia is increasingly the center of the world economy. Patterns of globalization are shifting, and these shifts are occurring faster in Asia than elsewhere, suggesting that more than any other region, Asia could shape the way globalization unfolds in the years to come.

Why are Europe and Asia so different?

Europe is considered a separate continent from Asia because of its distinct historical, cultural, and political identity, rather than any clear geographical demarcation.

How is Asia different from other continents?

Asia contains around 30\% of the world’s land area and 60\% of the world’s population. The highest point on earth, Mt. Asia is the only continent that shares borders with two other continents; Africa and Europe. It sometimes joins with a third continent, North America, in the winter by ice forming in the Bering Sea.

What is the relationship like between the EU and Central Asia?

Relations between the European Union and the republics of Central Asia date back to the first years of independence of the five “stans”. But it was only after the development of an EU Strategy for Central Asia in 2007 that Central Asia appeared more clearly on the European foreign policy radar.

How close are the ties between Asia and Europe?

A new study gathering an unprecedented range of bilateral data between country pairs pinpoints the economic, social and political ties between 51 Asian and European countries. While the eyes of the world are on the US-China trade war, Asia and Europe are working to deepen their relationship.

Is ASEAN an EU model in Asia?

External perceptions of the EU in Asia do not often reflect or culminate in a classification of an ‘EU model’. The realities of regional integration outside of Europe — such as in the case of ASEAN — do not sit well with ideas of mimicking or emulating a model.

Does the EU have a passive influence on ASEAN?

He argues that the EU has a passive rather than active influence on ASEAN. Indeed, research shows that when learning from the EU, ASEAN actively and judiciously accepts, rejects or adapts aspects of EU integration that suit its own context.