While the United Kingdom has a very well-developed banking system with finance and related businesses making up a major part of the economy, there are relatively few banks in the UK. This is because the banking system in Britian has been highly-consolidated since the early 1900s.
Many other large economies and nations have a wide range of smaller, independent regional banks, but the UK has few.
Philippines is a lower middle-income economies coming under the East Asia and Pacific region as to the classification made by the World Bank on the basis of income and region for the year 2006.
The country’s economy is largely dependent upon the industries and services sector. The services sector constitutes more than 50% of the GDP followed by the industries.
Singapore comes under the Other High Income Group countries as to the classification made by the World Bank on the basis of income.
Singapore has a well-developed economic structure with a free market system. Both business environment and infrastructure are the key behind economic success for the country. The services sector has largest contribution to the country’s GDP followed by the industries.
Turkey is an upper middle-income economy comes under the Europe and Central Asian region, as to the classification made by the World Bank on the basis of income and region for the year 2006.
Economic growth rate of the Turkey is impressive in the recent years. The country possesses a larger expanded private sector. The services sector contribute s a larger portion to the country’s GDP followed by the industrial sector.
Vietnam is a Lower income economy comes under the East Asia and the pacific region, as to the classification made by the World Bank on the basis of income and region for the year 2006.
Agriculture, Industry and services sector have equal importance in the contribution to the total Gross Domestic Product in the country. The tourism sector is doing well in the recent years.
Malaysia is an Upper Middle income economies coming under the East Asia and Pacific region as to the classification made by the World Bank on the basis of income and region for the year 2006.
The Malaysian Economy has a followed a free and open system in the recent years. Abundance of natural resources deposits has a made the country one among the top economies over the world. Services sector contributes a larger portion of the GDP followed by the Industries.
