Economy

OF

SOUTH ASIA

The economies of this region are growing , both domestically and internationally

Economies of South Asia

• India opened its economy to foreign investment in the 1990s. Deregulation and private ownership of businesses helped to grow the Indian economy in the 1990s, from the socialist government it had before.

Tourism is starting to increase

• Most tourists visit South Asia to see wild animals, mountains, temples, and festivals.

• Tourism that encourages responsible interaction with the environment is called ecotourism.

Environmental concerns of this region, are hazards and issues that make South Asia Risky for investing.

– Deforestation has been the cause of erosion, floods, and loss of soil in Bangladesh and Sri Lanka.

Environmental concerns also help this region make money and supply jobs to their people.

– Ship breakers in Chittagong, Bangladesh, dismantle old ships in order to recycle iron and steel.

– This kind of sustainable development uses resources at a rate that does not deplete them

Farming is very important to the economy of South Asia

The green revolution a program to increase higher yields of wheat, rice, and other crops

Most farmers in South Asia plow fields, carry water, and sow seed by hand.

Terracing an effective farming technique in some parts of South Asia

Your need an Educated workforce to be successful

How do you read the chart? Table 24-1

Percent Enrolled in Secondary School

in Selected South Asian Countries

1980 2004

Males Females Males Females

Bangladesh 26 9 45 50

India 39 20 58 47

Nepal 33 9 50 39

Pakistan 20 8 26 19

Sri Lanka 52 57 84 89

Source: Population Reference Bureau, World’s Youth 2006 Data Sheet.

In the third world a little money goes a long way

Cottage industries in India produce jewelry, woodcarvings, and cloth

A bank-operated microcredit program was created in the 1970s in Bangladesh to help impoverished people start their own small businesses.

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