Americans are flocking to Asia. Why?
Asia is sexy. From K-Pop sensation BTS topping the Billboard charts to “Crazy Rich Asians” owning the summer box office in the US, Americans can’t get enough of Asian film, music, and of course, noodles.
“It’s all a sign of the Asianisation of the world”, reports CNN.
“Asia has the world’s lowest taxes. Despite having some of the world’s largest economies such as China, Japan, and India, tax revenues are just one-fifth of GDP compared to one-half in Europe.”
The article measures the success of the Asian Tiger and its swift growth as a major economic driver, outstripping the economies of the rest of world but without Brexit, Donald Trump and America’s ballooning debt.
‘Want sunny weather, lower street crime, and affordable food and rent? HSBC’s Expat Monitor ranks Asian cities from Tokyo and Taipei to Singapore and Sydney as offering the best mix of quality of life and dynamic professional environments.’
Easy budget travel, new exotic experiences and taste temptations for bored American palettes, a burgeoning start-up vulture and a relative ease of business and taxation structures make Asia tempting for a growing number of businesses looking to expand, retirees and travellers.
There’s a new crop of thriving megacities such as Ho Chi Minh City and Yangon are being hailed as the “next tigers.”
Read the rest of the CNN article HERE.
