So it has a lot to do with the structure of the job market, and that’s certainly an area where we’re paying a lot of attention, to understand in detail the nature of the jobs being created.
Until 1859, a number of Dutch settlers lived on Deshima, a tiny island just off the coast of Nagasaki. And already in the 1920s, banks like the Nederlandsch-Indische Handelsbank and the Nederlandsche Handelsmaatschappij had offices in Singapore, Shanghai and Bombay. INFLUENCE OF ASIA ON THE REAL SIDE The rise of Asia is not new.