Winema Gaven Bowman Offshore Bank Transfers on Emerging markets | Page 2

written about starting a business in Bali in this post. If you are able to start a business,
you’ll find incredible local talent for an inexpensive rate. The workforce is (by and large)
more technically skilled than many other countries in the region, and there are great
developers and designers.
South Korea
Korea is a place I don’t know much about. From an outsiders perspective, it’s not an
emerging market, it seems expensive and difficult to penetrate as a foreigner without
extensive time and effort. Although I have Korean friends who I know and love, it
doesn’t attract me from an a macro-economic perspective and I can’t see this economy
having the growth potential of others in the region. It is very well developed, and in
many ways the polar opposite of its neighbor to the north…
North Korea
North Korea is the last frontier of Asia – hidden behind a communist veil, much of the
society is kept in secrecy. I do know some people who have been able to visit and do
business in the country. Believe it or not, they run a consultancy that teaches social
skills. I guess that proves that maybe there is a market in NK? Recently it came out that
Google is trying to penetrate into the economy here, and bring peace to the people. This
is an admirable goal in my mind, and displays how the free market and private business
can accomplish something that bureaucracy and governments could never accomplish
in the country – freedom, peace and profitability.
China
China is intimidating. A huge market full of opportunities. Learn more on how to
incorporate a company and do business in China.
Hong Kong
Hong Kong is amazing, I love spending time in this country and it is just so damn
entertaining to go out for a night on the town in this city. Hong Kong has a great culture
– its not overbearing with centuries of tradition, but its deep enough to have caught its
voice and be able to proudly proclaim: this is what it’s like to be Hongkongnese.
Hong Kong simultaneously both IS and IS NOT China. Technically, it is a “special
administrative republic” and Hong Kong S.A.R. is an exemplar for an efficient free
market economy, yet for all intents and purposes, is subservient to the centrally
controlled Mainland. Although the quality of life, language, way of doing business, food,
travel documents, and a lot of other things are completely different – Hong Kong IS
china.
The food and the people are great, the city is so much fun, and Hong Kong is the best
place to open a bank account. Scratch that, it is the 2nd best place in the world for
banking and starting a business, right behind…