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East Asia is considered the most developed region of Asia in terms of economy and business. The three largest countries, China, Japan, and South Korea, account for one-fourth of the world’s production of goods and services. These States represent a “Golden economic triangle”, and their combined trade surplus is approximately $400 billion per year. Thus, development of East Asia has a significant impact on development of the world economy as a whole. The article gives a detailed analysis of the region’s 3 largest countries: China, Japan and South Korea; the role of East Asian countries in international business; identified specific features of business practices in Asia and recommendations for foreign businessmen cooperating with the region.
Keywords:East Asia, international business, Chinese business, Korean business, Japanese business, world economy, world economic relations, Asian specifics of doing business.
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