Regions to Watch in 2012

By Danny Wong , last updated January 11, 2012

While the economy has had a few bad moments in 2011, 2012 offers hope to citizens of the world, as there has recently been an increased effort to improve the global financial situation. For individuals that are considering new life changes and perhaps a new career, opportunities abound overseas in growing economies. There are also some regions in the US that would be exciting for anyone looking to work for himself or start up a new and exciting business venture. While Europe is facing its fair share of financial issues, there are many growing economic regions around the world such as Asia, Latin America, and the startup hubs around the US.

Asia

In Asia, specifically China and India, economic growth is tremendous. These countries benefit a lot from their extensive labor force and improvements in education. Asia is the biggest region to watch in 2012. as China and India alone contribute to more than half of the world's economic growth. Also, since they are still developing countries, there are lots of opportunities to make significant change and make a lot of money at the same time. For individuals considering moving East for their careers, it would also be a dramatic life change that could give you more perspective on how the world works, and especially on how our global economy functions.

Latin America

Latin American countries have seen quite a bit of growth in recent years. Prime examples of this are Brazil and Argentina. Brazil is expecting a lot of growth in the coming years too, especially because of upcoming events such as the 2014 World Cup and the 2016 Summer Olympics. After their last financial crisis, Argentina has worked incredibly hard to improve the country's economic situation and avoid another drastic devaluation of the Argentinean peso. Chile is another Latin American country that continues to see a lot of economic growth and overall stability. These countries are important economic regions that everyone should keep an eye on in 2012.

Boston, New York, and Silicon Valley

As the digital age evolves, the technology and startup scene in the US continues to grow. Boston, New York, and Silicon Valley continue to be a few of the largest hubs for startups in the US. This is not surprising, considering that in these cities there are high concentrations of venture capitalists, angel investors and private investors that want to support new businesses. More initiatives are also in place to encourage entrepreneurship and innovation, such as MassChallenge and Peter Thiel's 20 Under 20 fellowship. MassChallenge is the largest startup competition in the world, with $1 million in prize money split amongst the winning startups, in addition to a three-month acceleration and incubation process that hosts more than 100 teams in prep for the final judging of the businesses. Thiel's 20 Under 20 is a program for visionaries under 20 to defer their college education for two years and pursue a project they are passionate about with the guarantee of $100,000 in funding for each project. Other exciting programs that support startups financially and through mentorship and training include Y Combinator and Tech Stars.

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