Developing countries in Asia have tremendous potential for growth as capitalism gradually becomes the dominant economic system in this part of the world. Smart Asian entrepreneurs build their empires by utilizing the rich resources and other unique utilities available in their respective native countries. After all, foreign investors have traditionally been ambitious about tapping into the natural resources and cheap labor available in most of Asia. Local businessmen analyze the social issues of their countries when devising business plans. Such individuals truly want to help their fellow citizens while also building strong enterprises. A self-made entrepreneur like Sukanto Tanoto and other Indonesian businessmen are examples of successful investors in Asia.
Indonesia is home to a diverse species of trees that are used for commercial applications. Savvy Indonesian businessmen have taken advantage of the opportunity to use native trees for plywood production. Large factories and other industrial plants have been established to produce furniture and other wooden products for the Indonesian market. Additionally, some of the plywood is exported to western countries in order to compensate for the relatively low profit margins in Indonesia. Native trees in Indonesia are also used to produce paper products that constitute a multi-billion dollar industry worldwide. In Asia, it is extremely profitable to mass produce paper and then sell it on international markets. There are also loose regulations on forestry in this part of the world.
Building a solid enterprise in a developing Asian country is truly an impressive feat. Success can only be achieved by starting out locally and then gradually expanding to other markets. With that said, Indonesian business moguls have naturally expanded their operations into neighboring countries of the Pacific Region and Southeast Asia. Leaders of wealthy nations like Japan and South Korea are interested in forming partnerships with businessmen from developing Asian countries with emerging markets. At the same time, many leaders in Asian developing nations often form partnerships that prevent monopolistic control by a few powerful and wealthy countries. Pan Asian companies are quite common in many different industries such as manufacturing, aviation, electronics, mining and agriculture.
Leaders in traditional Asian industries such as mining and forestry must take advantage of modern technology. Wealthy business people use the latest engineering concepts to optimize production of mills, factories and other industrial plants. Engineers and consultants from all over the world might be hired to make some essential upgrades to such important facilities that sustain billion-dollar industries in Asia.
Energy markets have some of the largest growth potential in developing Asian nations. In fact, a large percentage of the population in many Asian nations lacks access to electricity and natural gas. Wealthy entrepreneurs use their power and money to invest in energy infrastructure that will become very profitable. Local investors in Asia can also bring down the costs of electricity for consumers that most likely live in poverty. Leaders in countries such as Indonesia prefer to build their power plants using resources that come from local business people and governments rather than giant foreign energy companies.
Tarik Pierce is the founder of InvestorTrip.com and regularly contributes articles to this website.
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