I have no doubts that this will be the century where Asians dominate the world economy.
The world economy has always centred around India and China, from year 1 to year 1800. They were the centre of the earth, the most advanced civilisations that gave us paper, cotton, metal welding, gunpowder, paper money, so on and so forth.
But in 1800, the great divergence occurred. Britain became the first country to discover and harness the power of modern science and technology. Europe and America followed suit.
The industrial revolution is the main reason why the world's order is what it is today. From 1800-2000, Western Europe and America dominated the world's economy.
And of course, Asian countries that embraced the industrial revolution also became very formidable and rich countries. Japan, South Korea, Singapore, Hong Kong, Macao, some of the gulf states etc, comes to mind.
But since China and India are now embracing science and technology, they are going to grow, unless there is a war. It is just as simple as that, they will grow.
And guess what, by 50 years time, both countries, especially China will be number the 1 economy in the world. Their mindset will take time to change but they need to embrace science, technology, logic, democracy and reasoning; which they are doing.
It is inevitable that China becomes the world largest economy. But it will still lag behind developed countries in terms of standard of living and wages etc. But the heft and might of China as a country will be great.
Right now two of the worlds top 3 economies are Asian. USA number 1. China number 2. Japan number 3.
We are mitigating the effects of the great divergence here. This will be the century where the Asian powers of China, India and along with them, all the countries in Asia, will be lifted up to the top of the pile.
The world economy has always centred around India and China, from year 1 to year 1800. They were the centre of the earth, the most advanced civilisations that gave us paper, cotton, metal welding, gunpowder, paper money, so on and so forth.
But in 1800, the great divergence occurred. Britain became the first country to discover and harness the power of modern science and technology. Europe and America followed suit.
The industrial revolution is the main reason why the world's order is what it is today. From 1800-2000, Western Europe and America dominated the world's economy.
And of course, Asian countries that embraced the industrial revolution also became very formidable and rich countries. Japan, South Korea, Singapore, Hong Kong, Macao, some of the gulf states etc, comes to mind.
But since China and India are now embracing science and technology, they are going to grow, unless there is a war. It is just as simple as that, they will grow.
And guess what, by 50 years time, both countries, especially China will be number the 1 economy in the world. Their mindset will take time to change but they need to embrace science, technology, logic, democracy and reasoning; which they are doing.
It is inevitable that China becomes the world largest economy. But it will still lag behind developed countries in terms of standard of living and wages etc. But the heft and might of China as a country will be great.
Right now two of the worlds top 3 economies are Asian. USA number 1. China number 2. Japan number 3.
We are mitigating the effects of the great divergence here. This will be the century where the Asian powers of China, India and along with them, all the countries in Asia, will be lifted up to the top of the pile.