There is no question that Asia’s standing in the global economy is stronger than ever. But the US and Europe maintain an advantage, in terms of global strategic influence, while Asian countries are facing major political, economic, and security challenges.
SEOUL – There is no question that Asia’s standing in the global economy is stronger than ever. The region now produces about 40% of the world’s GDP, measured according to purchasing power parity. During the recent economic crisis, Asia accounted for more than half of global GDP growth. Add to that a massive population and growing political influence, and Asia finally appears ready to lead on a world stage long dominated by the West.
SEOUL – There is no question that Asia’s standing in the global economy is stronger than ever. The region now produces about 40% of the world’s GDP, measured according to purchasing power parity. During the recent economic crisis, Asia accounted for more than half of global GDP growth. Add to that a massive population and growing political influence, and Asia finally appears ready to lead on a world stage long dominated by the West.