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- Asia became the world’s largest economic and trading region and, as such, center stage as the world order adjusts in a new era. Not only a global economic power, but the world’s trade hub Asia’s robust economic growth and its position as the world’s manufacturing and trade hub give it a critical global role.
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Sep 22, 2023 · Major Asian economies are now considerable new centers of economic power. China now is the world’s second-largest economy, Japan the third, and India the fifth. 7 World Bank. This very success, however, ended the unipolar world.
Asia’s economic transformation in this short time-span is almost unprecedented in history. My new book, Resurgent Asia, looks at this phenomenal change. Given the size and the diversity of the Asian continent, looking at the region as a whole is not always appropriate.
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.
May 1, 2023 · May 1, 2023. Asia and the Pacific is a relative bright spot amid the more somber context of the global economy's rocky recovery . As the Chart of the Week shows, the region will contribute about 70 percent of global growth this year—a much greater share than in recent years. Our latest Regional Economic Outlook describes the resilience of the ...
Jul 26, 2019 · Asia is on track to top 50 percent of global GDP by 2040, a statistic that represents a real shift in the world’s economic center of gravity. In this video, Kevin Sneader, global managing partner of McKinsey, explores the ways in which digital disruption has—and will continue to—transform Asia and its place in the world.
Sep 21, 2023 · What Asia’s economic revolution means for the world. Links between the region’s countries are getting stronger. But America’s loss is not entirely China’s gain. Image: Seb Agresti. Sep 21st...
