Asia

Asia is the world's largest and most populous continent, located primarily in the eastern and northern hemispheres. It covers 8.7% of the Earth's total surface area (or 30% of its land area) and with approximately 3.879 billion people, it hosts 60% of the world's current human population. During the 20th century Asia's population nearly quadrupled.

Asia is defined according to similar definitions presented by the Encyclopedia Britannica and the National Geographic Society as 4/5 of the landmass of Eurasia – with the western portion of the latter occupied by Europe – located to the east of the Suez Canal, east of the Ural Mountains and south of the Caucasus Mountains (or the Kuma-Manych Depression) and the Caspian and Black Seas. It is bounded on the east by the Pacific Ocean, on the south by the Indian Ocean and on the north by the Arctic Ocean. Given its size and diversity, Asia – a toponym dating back to classical antiquity – "is more a cultural concept" incorporating diverse regions and peoples than a homogeneous physical entity Asia differs very widely among and within its regions with regard to ethnic groups, cultures, environments, economics, historical ties and government systems.

The Europe-Asia boundary
The Don River became unsatisfactory to northern Europeans when Peter the Great, king of the Tsardom of Russia, defeating rival claims of Sweden and the Ottoman Empire to the eastern lands, and armed resistance by the tribes of Siberia, synthesized a new Russian Empire extending to the Ural Mountains and beyond, founded in 1721. The major geographical theorist of the empire was actually a former Swedish prisoner-of-war, taken at the Battle of Poltava in 1709 and assigned to Tobolsk, where he associated with Peter's Siberian official, Vasily Tatishchev, and was allowed freedom to conduct geographical and anthropological studies in preparation for a future book.

At home in Sweden again, five years after Peter's death, in 1730 von Strahlenberg published a new atlas proposing the Urals as the border of Asia. The Russians were enthusiastic about the concept, which allowed them to keep their European identity in geography as well as other cultural heritage. Tatishchev announced that he had proposed the idea to von Strahlenberg. The latter had suggested the Emba River as the lower boundary. Over the next century various proposals were made until the Ural River prevailed in the mid-19th-century. The border had been moved perforce from the Black Sea to the Caspian Sea into which the Ural River projects. In the maps of the period, Transcaucasia was counted as Asian. The incorporation of most of that region into the Soviet Union tended to push views of the border to the south.

The Oceania-Asia boundary
The border between Asia and Oceania is placed somewhere in the Malay archipelago. The terms Southeast Asia and Oceania, devised in the 19th century, have had vastly different geographic meanings since their inception. Oceania has never been Asia, whatever it may have been defined to be. The chief factor in determining what islands of the Malay Archipelago are Asian has been the location of the colonial possessions of the various empires there (not all European). Lewis and Wigen assert, "The narrowing of 'Southeast Asia' to its present boundaries was thus a gradual process." Currently Malaysia and Indonesia with the western half of New Guinea are in Southeast Asia (although the New Guinea territory of Indonesia is being disputed by the natives).

The ongoing process of definition
Geographical Asia is a cultural artifact, an imprecise concept causing endemic contention about what it means. In contrast to Europe, Asia is the largest and most culturally diverse of the continents in the seven-continent system. It does not exactly correspond to the cultural borders of its various types of constituents.

In addition to its general inherited geographical meaning, to which the entire literate world subscribes, Asia has any number of agency-specific meanings organizationally and operationally of use in more restricted fields of interest. For example, the World University Service of Canada is a volunteer organization dedicated to bringing educational, health and other services to nations that need them the most. The regional divisions most convenient to its operations include, among others, the Middle East and Europe, and South and Southeast Asia, termed just "Asia." Its administrative Asia is substantially different from the overall geographic and the same may be said of many hundreds more agencies across the globe that operate in Asia from headquarters elsewhere. Some of the most innovative and perhaps the most transitory uses of "Asia" have been promulgated by the news media reporting on current events. Their classifications must be the most suitable for the news and the sources of it. For example, the BBC News has an Asia-Pacific section, which acquires news from anywhere in Australasia, Oceania or the Pacific side of the Americas.

Supercontinent
From the time of Herodotus a minority of geographers have rejected the three-continent system (Europe, Africa, Asia) on the grounds that there is no or is no substantial physical separation between them. For example, Sir Barry Cunliffe, the emeritus professor of European archeology at Oxford, argues that Europe has been geographically and culturally merely "the western excrescence of the continent of Asia." Geographically, Asia is the major eastern constituent of the continent of Eurasia with Europe being a northwestern peninsula of the landmass – or of Afro-Eurasia; geologically, Asia, Europe and Africa make up a single continuous landmass (except for the Suez Canal) and share a common continental shelf. Almost all of Europe and most of Asia sit atop the Eurasian Plate, adjoined on the south by the Arabian and Indian Plate and with the easternmost part of Siberia (east of the Cherskiy Range) on the North American Plate.

Etymology
The place name, Asia, in various forms in a large number of modern languages is of unknown ultimate provenience. Its etymology and language of origin are uncertain. It appears to be one of the most ancient of recorded names. A number of theories have been published. English Asia can be traced through the formation of English literature to Latin literature, where it has the same form, Asia. Whether all uses and all forms of the name derive also from the Latin of the Roman Empire is much less certain.

"Asia" in classical antiquity
Latin Asia and Greek Ἀσία appear to be the same word. Roman authors translated Ἀσία as Asia. The Romans named a province Asia, which was in the location of the then Asia. There was an Asia Minor and an Asia Maior (Iraq), of which the name of Minor survived. As the earliest evidence of the name is Greek, it is likely circumstantially that Asia came from Ἀσία, but ancient transitions, due to the lack of literary contexts, are difficult to catch in the act. The most likely vehicles were the ancient geographers and historians, such as Herodotus, who were all Greek. Roman civilization Hellenized extensively. Ancient Greek certainly evidences early and rich uses of the name.

The first continental use of Asia is attributed to Herodotus (about 440 BC), not because he innovated it, but because his Histories are the earliest surviving prose to describe it in any detail. He defines it carefully, mentioning the previous geographers whom he had read, but whose works are now missing. By it he means Anatolia and the Persian Empire, in contrast to Greece and Egypt. Herodotus comments that he is puzzled as to why three women's names were "given to a tract which is in reality one" (Europa, Asia, and Libya, referring to Africa), stating that most Greeks assumed that Asia was named after the wife of Prometheus (i.e. Hesione), but that the Lydians say it was named after Asies, son of Cotys, who passed the name on to a tribe at Sardis. In Greek mythology, "Asia" (Ἀσία) or "Asie" (Ἀσίη) was the name of a "Nymph or Titan goddess of Lydia."

Herodotus' geographical puzzlement was perhaps only a form of disagreement, as, having read the earlier Greek poetry along with everyone else literate, he would have known perfectly well why places received female names. Athens, Mycenae, Thebes and many other locations in fact had them. In ancient Greek religion, places were under the care of female divinities, parallel to guardian angels. The poets detailed their doings and generations in allegoric language salted with entertaining stories, which subsequently playwrights transformed into classical Greek drama and became "Greek mythology."

For example, Hesiod mentions the daughters of Tethys and Ocean, among whom are a "holy company", "who with the Lord Apollo and the Rivers have youths in their keeping." Many of these are geographic: Doris, Rhodea, Europa, Asia. Hesiod explains: "'For there are three-thousand neat-ankled daughters of Ocean who are dispersed far and wide, and in every place alike serve the earth and the deep waters.'" The Iliad (attributed by the ancient Greeks to Homer) mentions two Phrygians (the tribe that replaced the Luvians in Lydia) in the Trojan War named Asios (an adjective meaning "Asian"); and also a marsh or lowland containing a marsh in Lydia as ασιος.

"Asia" in the Bronze Age
Before Greek poetry, the Aegean Sea area was in a Greek Dark Age, at the beginning of which syllabic writing was lost and alphabetic writing had not begun. Prior to then in the Bronze Age the records of the Assyrian Empire, the Hittite Empire and the various Mycenaean states of Greece mention a region undoubtedly Asia, certainly in Anatolia, including if not identical to Lydia. These records are administrative and do not include poetry.

The Mycenaean states were destroyed about 1200 BC by unknown agents although one school of thought assigns the Dorian invasion to this time. The burning of the palaces baked clay diurnal administrative records written in a Greek syllabic script called Linear B, deciphered by a number of interested parties, most notably by a young World War II cryptographer, Michael Ventris, subsequently assisted by the scholar, John Chadwick. A major cache discovered by Carl Blegen at the site of ancient Pylos included hundreds of male and female names formed by different methods.

Some of these are of women held in servitude (as study of the society implied by the content reveals). They were used in trades, such as cloth-making, and usually came with children. The epithet, lawiaiai, "captives," associated with some of them identifies their origin. Some are ethnic names. One in particular, aswiai, identifies "women of Asia." Perhaps they were captured in Asia, but some others, Milatiai, appear to have been of Miletus, a Greek colony, which would not have been raided for slaves by Greeks. Chadwick suggests that the names record the locations where these foreign women were purchased. The name is also in the singular, Aswia, which refers both to the name of a country and to a female of it. There is a masculine form, aswios. This Aswia appears to have been a remnant of a region known to the Hittites as Assuwa, centered on Lydia, or "Roman Asia."

Alternatively, the etymology of the term may be from the Akkadian word , which means 'to go outside' or 'to ascend', referring to the direction of the sun at sunrise in the Middle East and also likely connected with the Phoenician word asa meaning east. This may be contrasted to a similar etymology proposed for Europe, as being from Akkadian erēbu(m) 'to enter' or 'set' (of the sun).

T.R. Reid supports this alternative etymology, noting that the ancient Greek name must have derived from asu, meaning 'east' in Assyrian (ereb for Europe meaning 'west'). The ideas of Occidental (form Latin Occidens 'setting') and Oriental (from Latin Oriens for 'rising') are also European invention, synonymous with Western and Eastern. Reid further emphasizes that it explains the Western point of view of placing all the peoples and cultures of Asia into a single classification, almost as if there were a need for setting the distinction between Western and Eastern civilizations on the Eurasian continent. Ogura Kazuo and Tenshin Okakura are two outspoken Japanese figures on the subject.

Also, Assuwa has been suggested as the origin for the name of the continent "Asia". The Assuwa league was a confederation of states in western Anatolia, defeated by the Hittites under Tudhaliya I around 1400 BC.

History


The history of Asia can be seen as the distinct histories of several peripheral coastal regions: East Asia, South Asia, Southeast Asia and the Middle East, linked by the interior mass of the Central Asian steppes.



The coastal periphery was home to some of the world's earliest known civilizations, each of them developing around fertile river valleys. The civilizations in Mesopotamia, the Indus Valley and the Huanghe shared many similarities. These civilizations may well have exchanged technologies and ideas such as mathematics and the wheel. Other innovations, such as writing, seem to have been developed individually in each area. Cities, states and empires developed in these lowlands.

The central steppe region had long been inhabited by horse-mounted nomads who could reach all areas of Asia from the steppes. The earliest postulated expansion out of the steppe is that of the Indo-Europeans, who spread their languages into the Middle East, South Asia, and the borders of China, where the Tocharians resided. The northernmost part of Asia, including much of Siberia, was largely inaccessible to the steppe nomads, owing to the dense forests, climate and tundra. These areas remained very sparsely populated.

The center and the peripheries were mostly kept separated by mountains and deserts. The Caucasus and Himalaya mountains and the Karakum and Gobi deserts formed barriers that the steppe horsemen could cross only with difficulty. While the urban city dwellers were more advanced technologically and socially, in many cases they could do little in a military aspect to defend against the mounted hordes of the steppe. However, the lowlands did not have enough open grasslands to support a large horsebound force; for this and other reasons, the nomads who conquered states in China, India, and the Middle East often found themselves adapting to the local, more affluent societies.

The Islamic Caliphate took over the Middle East and Central Asia during the Muslim conquests of the 7th century. The Mongol Empire conquered a large part of Asia in the 13th century, an area extending from China to Europe.

Geography
Geography is the study of the major divisions of a specified region, here Asia. Most anciently it described the major geopolitical subdivisions, but more recently includes other bases, such as geology.

Economy
Asia has the second largest nominal GDP of all continents, after Europe, but the largest when measured in purchasing power parity. As of 2010, the largest economies in Asia are the People's Republic of China, Japan, India, South Korea and Indonesia. Based on Global Office Locations 2011, Asia dominated the office locations with 4 of top 5 were in Asia, Hong Kong, Singapore, Tokyo, London and Shanghai. Around 68 percent of international firms have office in Hong Kong.

In the late 1990s and early 2000s, the economies of the PRC and India have been growing rapidly, both with an average annual growth rate of more than 8%. Other recent very high growth nations in Asia include Malaysia, Indonesia, Pakistan, Thailand, Vietnam, Mongolia, Uzbekistan, Cyprus and the Philippines, and mineral-rich nations such as Kazakhstan, Turkmenistan, Iran, Brunei, United Arab Emirates, Qatar, Kuwait, Saudi Arabia, Bahrain and Oman.

China was the largest and most advanced economy on earth for much of recorded history,   until the British Empire (excluding India) overtook it in the mid 19th century. Japan has had for only several decades after WW2 the largest economy in Asia and second-largest of any single nation in the world, after surpassing the Soviet Union (measured in net material product) in 1986 and Germany in 1968. (NB: A number of supernational economies are larger, such as the European Union (EU), the North American Free Trade Agreement (NAFTA) or APEC).

In the late 1980s and early 1990s, Japan's GDP was almost as large (current exchange rate method) as that of the rest of Asia combined. In 1995, Japan's economy nearly equaled that of the USA as the largest economy in the world for a day, after the Japanese currency reached a record high of 79 yen/US$. Economic growth in Asia since World War II to the 1990s had been concentrated in Japan as well as the four regions of South Korea, Taiwan, Hong Kong and Singapore located in the Pacific Rim, known as the Asian tigers, which have now all received developed country status, having the highest GDP per capita in Asia.

It is forecasted that India will overtake Japan in terms of nominal GDP by 2020. In terms of GDP per capita, both nominal and PPP-adjusted, South Korea will become the second wealthiest country in Asia by 2025, overtaking Germany, the United Kingdom and France. According to IMF statistics for the year 2010, the mostly unrecognized Republic of China PPP-adjusted GDP per capita, at USD 34,743, is already higher than that of Finland, France, or Japan. By 2027, according to Goldman Sachs, China will have the largest economy in the world. Several trade blocs exist, with the most developed being the Association of Southeast Asian Nations.

Asia is the largest continent in the world by a considerable margin, and it is rich in natural resources, such as petroleum, forests, fish, water, rice, copper and silver. Manufacturing in Asia has traditionally been strongest in East and Southeast Asia, particularly in the People's Republic of China (PRC), Taiwan, South Korea, Japan, India, Philippines and Singapore. Japan and South Korea continue to dominate in the area of multinational corporations, but increasingly the PRC and India are making significant inroads. Many companies from Europe, North America, South Korea and Japan have operations in Asia's developing countries to take advantage of its abundant supply of cheap labour and relatively developed infrastructure.

According to Citigroup 9 of 11 Global Growth Generators countries came from Asia driven by population and income growth. They are Bangladesh, the People's Republic of China, India, Indonesia, Iraq, Mongolia, Philippines, Sri Lanka and Vietnam. Asia has four main financial centres: Tokyo, Hong Kong, Singapore and Shanghai. Call centres and business process outsourcing (BPOs) are becoming major employers in India and the Philippines due to the availability of a large pool of highly skilled, English-speaking workers. The increased use of outsourcing has assisted the rise of India and the China as financial centres. Due to its large and extremely competitive information technology industry, India has become a major hub for outsourcing.

In 2010, Asia had 3.3 million millionaires (people with net worth over US$1 million excluding their homes), slightly below North America with 3.4 million millionaires. Last year Asia had toppled Europe.

Demographics
East Asia had by far the strongest overall Human Development Index (HDI) improvement of any region in the world, nearly doubling average HDI attainment over the past 40 years, according to the report’s analysis of health, education and income data. The People's Republic of China, the second highest achiever in the world in terms of HDI improvement since 1970, is the only country on the “Top 10 Movers” list due to income rather than health or education achievements. Its per capita income increased a stunning 21-fold over the last four decades, also lifting hundreds of millions out of income poverty. Yet it was not among the region’s top performers in improving school enrolment and life expectancy. Nepal, a South Asian country, emerges as one of the world’s fastest movers since 1970 mainly due to health and education achievements. Its present life expectancy is 25 years longer than 1970s.; more than four of every five children of school age in Nepal now attend primary school, compared to just one in five 40 years ago. Japan and South Korea ranked highest among the countries grouped on the HDI (number 11 and 12 in the world, which are in the “very high human development” category), followed by Hong Kong (SAR)(21) and Singapore (27). Afghanistan (155) ranked lowest amongst Asian countries out of the 169 countries assessed.

Languages
Asia is home to several language families and many language isolates. Most Asian countries have more than one language that is natively spoken. For instance, according to Ethnologue, more than 600 languages are spoken in Indonesia, more than 800 languages spoken in India, and more than 100 are spoken in the Philippines. China has many languages and dialects in different provinces.

Mythology
Asian mythology is complex and diverse. The story of the Great Flood for example, as presented to Christians in the Old Testament, is first found in Mesopotamian mythology, in the Epic of Gilgamesh. Hindu mythology tells about an Avatar of the God Vishnu in the form of a fish who warned Manu of a terrible flood. In ancient Chinese mythology, Shan Hai Jing, the Chinese ruler Da Yu, had to spend 10 years to control a deluge which swept out most of ancient China and was aided by the goddess Nüwa who literally fixed the broken sky through which huge rains were pouring.



Religions
Almost all Asian religions have philosophical character and Asian philosophical traditions cover a large spectrum of philosophical thoughts and writings. Indian philosophy includes Hindu philosophy and Buddhist philosophy. They include elements of nonmaterial pursuits, whereas another school of thought from India, Cārvāka, preached the enjoyment of material world. Christianity is also present in most Asian countries.

Abrahamic
The Abrahamic religions of Judaism, Christianity, Islam and Baha'i Faith originated in West Asia. Judaism, the oldest of the Abrahamic faiths, is practiced primarily in Israel (which has the world's largest Jewish population), though small communities exist in other countries, such as the Bene Israel in India. In the Philippines and East Timor, Roman Catholicism is the predominant religion; it was introduced by the Spaniards and the Portuguese, respectively. In Armenia, Cyprus, Georgia and Russia, Eastern Orthodoxy is the predominant religion. Various Christian denominations have adherents in portions of the Middle East, as well as China and India. The world's largest Muslim community (within the bounds of one nation) is in Indonesia. South Asia (mainly Pakistan, India and Bangladesh) holds 30% of Muslims. There are also significant Muslim populations in China, Iran, Malaysia, southern Philippines (Mindanao), Russia and most of West Asia and Central Asia. The Bahá'í Faith originated in Asia, in Iran (Persia), and spread from there to the Ottoman Empire, Central Asia, India, and Burma during the lifetime of Bahá'u'lláh. Since the middle of the 20th century, growth has particularly occurred in other Asian countries, because the Bahá'í Faith's activities in many Muslim countries has been severely suppressed by authorities.

Dharmic and Taoist


The religions of Hinduism, Buddhism, Jainism and Sikhism originated in India, South Asia. In East Asia, particularly in China and Japan, Confucianism, Taoism and Zen Buddhism took shape.

Over 80% of the populations of both India and Nepal adhere to Hinduism, alongside significant communities in Bangladesh, Pakistan, Bhutan, Sri Lanka and Bali. Many overseas Indians in countries such as Burma, Singapore and Malaysia also adhere to Hinduism.

Buddhism has a great following in mainland Southeast Asia and East Asia. Buddhism is the religion of the majority of the populations of Cambodia (98%), Thailand (95%), Burma (89%), Japan (84–96%), Bhutan (75%), Sri Lanka (69%), Laos (67%–98%) and Mongolia (50%). Large Buddhist populations also exist in Singapore (42.5%), Taiwan (35.1%–93%),   South Korea (23.2%), Malaysia(19.2%), Nepal (10.7%), Vietnam (9.3–80%), People's Republic of China(8–80%), North Korea (4.5%–60%),   Indonesia (<2%); and small communities in India and Bangladesh. In many Chinese communities, Mahayana Buddhism is easily syncretized with Taoism, thus exact religious statistics is difficult to obtain and may be understated or overstated. The Communist-governed countries of China, Vietnam and North Korea are officially atheist, thus the number of Buddhists and other religious adherents may be under-reported.

Jainism is found mainly in India and in oversea Indian communities such as India and Malaysia. Sikhism is found in Northern India and amongst overseas Indian communities in other parts of Asia, especially Southeast Asia. Confucianism is found predominantly in Mainland China, South Korea, Taiwan and in overseas Chinese populations. Taoism is found mainly in Mainland China, Taiwan, Malaysia and Singapore. Taoism is easily syncretized with Mahayana Buddhism for many Chinese, thus exact religious statistics is difficult to obtain and may be understated or overstated.

Nobel prizes


The polymath Rabindranath Tagore, a Bengali Indian poet, dramatist, and writer from Santiniketan, now in West Bengal, India, became in 1913 the first Asian Nobel laureate. He won his Nobel Prize in Literature for notable impact his prose works and poetic thought had on English, French, and other national literatures of Europe and the Americas. He is also the writer of the national anthems of Bangladesh and India.

Tagore is said to have named another Bengali Indian Nobel prize winner, the 1998 laureate in Economics, Amartya Sen. Sen's work has centered on global issues including famine, welfare, and third-world development. Amartya Sen was Master of Trinity College, Cambridge University, UK, from 1998 to 2004, becoming the first Asian to head an 'Oxbridge' College.

Other Asian writers who won Nobel Prizes include Yasunari Kawabata (Japan, 1966), Kenzaburō Ōe (Japan, 1994), Gao Xingjian (People's Republic of China, 2000) and Orhan Pamuk (Turkey, 2006).

Also, Mother Teresa of India and Shirin Ebadi of Iran were awarded the Nobel Peace Prize for their significant and pioneering efforts for democracy and human rights, especially for the rights of women and children. Ebadi is the first Iranian and the first Muslim woman to receive the prize. Another Nobel Peace Prize winner is Aung San Suu Kyi from Burma for her peaceful and non-violent struggle under a military dictatorship in Burma. She is a nonviolent pro-democracy activist and leader of the National League for Democracy in Burma(Myanmar) and a noted prisoner of conscience. She is a Buddhist and was awarded the Nobel Peace Prize in 1991. Most recently, Chinese dissident Liu Xiaobo was awarded the Nobel Peace Prize for "his long and non-violent struggle for fundamental human rights in China." He is the first Chinese citizen to be awarded a Nobel Prize of any kind while residing in China.

Sir C. V. Raman is the first Asian to get a Nobel prize in Sciences. He won the Nobel Prize in Physics "for his work on the scattering of light and for the discovery of the effect named after him".

Other Asian Nobel Prize winners include Subrahmanyan Chandrasekhar, Abdus Salam, Shmuel Yosef Agnon, Robert Aumann, Menachem Begin, Aaron Ciechanover, Avram Hershko, Daniel Kahneman, Shimon Peres, Yitzhak Rabin, Ada Yonath, Yaser Arafat, Jose Ramos Horta and Bishop Carlos Filipe Ximenes Belo of Timor Leste, Kim Dae-jung, and 13 Japanese scientists. Most of the said awardees are from Japan and Israel except for Chandrasekhar and Raman (India), Salam (Pakistan), Arafat (Palestinian Territories) Kim (South Korea), Horta and Belo (Timor Leste).

In 2006, Dr. Muhammad Yunus of Bangladesh was awarded the Nobel Peace Prize for the establishment of Grameen Bank, a community development bank that lends money to poor people, especially women in Bangladesh. Dr. Yunus received his PhD in economics from Vanderbilt University, United States. He is internationally known for the concept of micro credit which allows poor and destitute people with little or no collateral to borrow money. The borrowers typically pay back money within the specified period and the incidence of default is very low.

The Dalai Lama has received approximately eighty-four awards over his spiritual and political career. On 22 June 2006, he became one of only four people ever to be recognized with Honorary Citizenship by the Governor General of Canada. On 28 May 2005, he received the Christmas Humphreys Award from the Buddhist Society in the United Kingdom. Most notable was the Nobel Peace Prize, presented in Oslo, Norway on 10 December 1989.

Environment
At the same time as they benefit from dramatic market growth, countries in Asia face huge sustainability challenges: environmental degradation, resource constraints and climate change, as well as social inequality and institutional weaknesses. These conditions are driving a set of rapidly expanding Environmental Markets in the region, including renewable energy and energy efficiency, water treatment and waste management.

As average per-capita disposable income rises across the region, demand for energy and other commodities is escalating. Many Asian countries lack key natural resources, particularly fossil fuels, and economic growth in many countries has often been characterised by a high dependency on imports of natural resources.

China, South Korea, India, Taiwan and Singapore are among the world's largest importers of oil, and as a result are vulnerable to rising energy and have significant energy security concerns.

Fossil fuels are not the only resources that are limited in Asia: water scarcity is another pressing issue. India, China, Thailand and Korea all have water resources per capita below the global average, while accessible supplies are being depleted. For example, water resources per capita in China are only a quarter of the global average, but water consumption is more that five times this amount. As a result, supplies are declining and more than 400 cities in the country suffer water shortages, which have had a significant impact on GDP.

Asia's resource problems are exacerbated by inadequate infrastructure. At the end of 2008, 37% of China's rural population lacked connections to water pipelines, and many cities lack wastewater treatment facilities. Furthermore, the facilities that are in place are often ineffective; for example, weak piping networks mean that 12% of sanitation plants in China operate at utilisation levels of below 60%.

This depletion of scarce water resources is merely one example of the many adverse environmental impacts of rapid Asian growth. Water and air quality is also a cause of severe concern across the region. China's CO2 and sulphur dioxide emissions are now the highest globally, nearly 50% of China's cities are affected by acid rain, and 20 of the world's 30 most polluted cities are located in the country. Similarly high pollution levels are found across the region; according to the World Health Organisation, 17% of all deaths in the Asia-Pacific Region are related to environmental problems.

Policies to encourage private sector investment in Environmental Markets are now in force across the region. These focus on the provision of infrastructure to supply basic services, the developement of clean power, and the reduction of air and water pollution. In addition to providing the means for governement to address significant demographic, resource and pollution challenges, these policies are often also designed to stimulate employment and reduce import dependence and energy security concerns. Adopted in March 2011, China's 12th Five Year Guideline arguably the most impressive programme to tackle these objectives. The plan gives preferential treatment to a series of strategic industries, including energy efficiency, alternative energy and environmental protection, and seeks to attract private investment. Measures include a preferential solar-feed-in tariff and a 50% VAT refund for wind farm developpers intended to facilitate the construction of 100 Gigawatts of wind power and 15 Gigawatts of solar power by 2015. The plan also makes sizeable infrastructure investment commitments, such as a US$114bn allocation for urban waste water and municipal solid waste treatment.

Similar policies are in operation across the remainder of the region. For example, India plans to add 17 Gigawatts of renewable-based power generation capacity between 2012 and 2017 as the country attempts to bridge its energy deficit and move to cleaner energy resources. It has also developed a "National Urban Renewal Mission" to improve water supply and sanitation, road networks and urban transport.

Reducing environmental pollution is an aqually important part of working towards leaner, more efficient economic growth. The Philippine government's Clean Air Act of 1999, which makes emission monitoring systems for companies in the oil, gas, cement and chemical sectors obligatory and provides tax incentives for pollution control devices, was one of the earliest attempts to reversesome of the detrimental side-effects of previously unrestricted economic developemnt.