Rise of Asia: implications for Europe and the United States

Abstract

There appears to be a consensus that Asia is “rising.” Much of the change in the decades ahead will relate, of course, to the rise of China and, in China’s wake, the rise of India. They add to Asia’s already substantial share in the world economy and, within little more than a decade or so, that will make Asia the largest centre of world output and trade of any region in the world — bigger than North America, and bigger than all of Europe.