Jas Personal Blog
Economic behavior of Asia, US and Europe
America on other hand has been the land of money, so all the people who migrated to US were having a commercial mindset. This made them to work had, use best of practices, keep cost lowest and earn more profit. Even a common man there thinks of the individual return and profitability. America, post American revolution, has been a land of green cash, opportunities, commerce, capitalism and growth. It has always promised that life of glitter, gold and glamour. If there has been an innovation worth its money, US has used it fully. If there is an optimization path available, they have achieved it. So I associate US to conceptual and commercial implementation.
Asian story is entirely different; it was more like a land with practical utility rather than concept innovation. If something doesn’t work then we have a way of making it work somehow, albeit for a shorter time, but saving us from throwing away the thing as useless anyhow. It had most fertile lands, climatic conditions for life to propagate in all seasons and high density of flora and fauna. All this resulted in high human density and hence higher fight for now limited resources. All this has resulted in Asians being street smart. We have a high degree of groupism, react more by emotions than plain commercial viability and the body language shouts much more than our words. This all makes us great at on the floor implementation. We excel in execution.
While my story is a plain fact here that am attracted to art, ideas and research; it also brings us to a great economic model. Wherein the innovative concept comes from Europe, US does the blueprint and develops a trimmed revenue and business model and Asia provides its high number labor available at low cost to attain a great immaculate product at attractive price. But ya, there is a lot of intricate details here which will change the dynamics; but then it’s the future concept we are listing here.
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about 3 years ago
Very true..
“Europe can be taken to be a land that cultivated the culture”
my 5/5 for this post of urs!
about 3 years ago
Thanks Pooja for the 5 on 5!