Asia’s economic might on track to dominate 21st century

China is celebrating rapid urbanisation and economic growth (photo:dpa)
China is celebrating rapid urbanisation and economic growth (photo:dpa)

Asian economies have been powering ahead of the West since the financial crisis. This growth looks set to continue, not just in the big economies of China and India, but also in some of Asia’s smaller nations. The first in a series on what is being dubbed the ‘Asian Century’ looks at the reasons behind this economic domination.

FIVE years after the beginning of the financial crisis, the world is moving towards the ‘Asian Century’ at a greater speed than could have been imagined 10 years ago.

The crisis in the West - a catalyst for Asia’s economic rise - has happened as Asia commands an increasingly dominant share of the world’s population.

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