A Future Scenario for Asia

The notion that the 21st century is the Asian century must not be taken for granted, warns the Asian Development Bank in a thoughtful and critical document Asia 2050: Realizing the Asian Century. The report was unveiled this week at the bank’s annual meeting in Hanoi. The ADB’s gurus warn that progress could easily stall so that by 2050 instead of accounting for more than 50 percent of the global economy its share would be only a few points higher than its 27 percent today. It may be that by 2050 the Asian century will be almost at an end -- that history will show that it started in 1960 and is already more than halfway through.

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