Asia: The consequences for Spain in the context of Europe

The resurgence of some of the main Asian powers will unquestionably bring significant consequences for Europe and also, naturally, for Spain. The emergence of countries such as China and India is already producing major changes in the geographical distribution of international trade and direct investment. The figures show that the volume of trade between Asia and Europe is growing steadily, as is the trade deficit of European countries as a whole to the Asian giant, a dynamic of "risk" in which Spain is by no means an exception. While until now businessmen have viewed China's emergence as a threat, this article stresses the opportunity that it entails; an opportunity to exploit new markets and sectors, as well as an opportunity to identify the effects that provide Asia's emerging powers with an unbeatable competitiveness which, as we can see, is enabling them to respond more effectively to the recent financial crisis.