Thursday, January 5, 2012

Asia on Track To Reclaim Economic Dominance

By 2050 if it avoids the middle-income trap and current growth trends persist. So says an ADB report. It would then account for 52% of World GDP just like it used to 300 years ago before it failed to make the most of the industrial revolution. Otherwise it will be about one-third less important. In other words it has to Samsung its way up to the new level. Is the Tigger of the Indian Ocean paying attention?

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