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   Why are Asia's economies so important?

   • Asia's economies were the great beneficiaries of a globalizing world over the past 30 years. They started surging to global prominence. Asia starts a new era as the word's new majority, accounting for more than half of the global total of many key metrics we use to measure the world economy.

   Why Asia's economy is on the cusp of a new era | McKinsey

   www.mckinsey.com/mgi/our-research/asia-on-the-cusp-of-a-new-era

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   Why is Asia a good place to live?

   • Asia is the fastest growing economic region, as well as the largest continental economy by both GDP Nominal and PPP in the world. Moreover, Asia is the site of some of the world's longest modern economic booms. As in all world regions, the wealth of Asia differs widely between, and within, states.

   Economy of Asia - Wikipedia

   en.wikipedia.org/wiki/Economy_of_Asia

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   How important is Asia to global economic growth?

   • Asia’s rise to global significance is apparent in major macroeconomic indicators including GDP and consumption. In 2000, Asia accounted for 32 percent of global GDP in terms of purchasing power parity. This share increased to 42 percent in 2017 and is on course for a share of about 52 percent by 2040.

   Globalization in Asia: Flows and networks shaping the Asian Century

   www.mckinsey.com/featured-insights/asia-pacific/the-future-of-asia-asian-flows-and-networks-are-defining-the-next-phase-of-globalization

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   Is Asia the center of the world economy?

   • Asia is increasingly the center of the world economy. By 2040, the region could account for more than half of global GDP and about 40 percent of global consumption.

   Globalization in Asia: Flows and networks shaping the Asian Century

   www.mckinsey.com/featured-insights/asia-pacific/the-future-of-asia-asian-flows-and-networks-are-defining-the-next-phase-of-globalization

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2. www.mckinsey.com › mgi › our-researchWhy Asia's economy is on the cusp of a new era | McKinsey

   www.mckinsey.com › mgi › our-research

   • Cached

   Sep 22, 2023 · Asia’s economies were the great beneficiaries of a globalizing world. Asia has capitalized on the defining trends of the past three decades: deepening global connections, rapid digital adoption, and broadening urbanization and capitalization.

   • Globalization in Asia: Flows and networks shaping the Asian ...

     By 2040, Asia could account for 39 percent of global...

   • Why Asia can lead the world into a new era | McKinsey

     Asia is in a strong position to influence and shape a new...

3. theconversation.com › how-asia-transformed-fromHow Asia transformed from the poorest continent in the world ...

   theconversation.com › how-asia-transformed-from

   • Cached

   Oct 17, 2019 · Economic growth drove development. Growth rates of GDP and GDP per capita in Asia have been stunning and far higher than elsewhere in the world. Rising investment and savings rates combined with...

   • Author: Deepak Nayyar

4. www.economist.com › leaders › 2023/09/21What Asia’s economic revolution means for the world

   www.economist.com › leaders › 2023/09/21

   Sep 21, 2023 · Millions of Asians escaped poverty by making stuff; many grew prosperous. Now the region’s economic model is shifting again, with consequences for Asia and for the world.

5. Videos

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     weforum.org

     ASEAN is poised for post-pandemic inclusive growth and prosperity – here's why

     Jan 17, 2022

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     4:16

     youtube.com

     Asian Economies : Nominal GDP (1960 - 2020)

     Feb 9, 2020

     3M Views

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     investopedia.com

     Emerging Economies in South Asia

     Dec 31, 2008

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6. www.weforum.org › 07 › the-dawn-of-the-asian-centuryIn 2020, Asian economies will become larger than the rest of ...

   www.weforum.org › 07 › the-dawn-of-the-asian-century

   • Cached

   Next year, in purchasing power parity (PPP) terms, Asian economies will become larger than the rest of the world combined for the first time since the 19th century. Not only is Asia growing richer; as it becomes more integrated, it is also coalescing as a constructive force for global governance.

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7. en.wikipedia.org › wiki › Economy_of_AsiaEconomy of Asia - Wikipedia

   en.wikipedia.org › wiki › Economy_of_Asia

   • Cached

   Asia is the fastest growing economic region, as well as the largest continental economy by both GDP Nominal and PPP in the world. Moreover, Asia is the site of some of the world's longest modern economic booms.