Asian Century

Asian Century
The dominant role that could be played by Asia in the 21st century, because of its growing economic clout and global demographic trends. "Asian Century" as a theme, has gained credence following the rapid economic growth of China and India since the 1980s, which has propelled them to the top ranks of the world's biggest economies. While the term is first believed to have been coined in the 1980s, it gained traction following the release of a report by the Asian Development Bank (ADB) in August 2011.

According to the ADB report, if Asia continues on its recent growth trajectory, by 2050 its per capita income could rise six times in purchasing power parity terms to reach the present income levels of Europe. This rise in income would enable an additional 3 billion Asians to enjoy living standards of the affluent. The ADB report also states that with Asia on track to double its share of global GDP to 52% by 2050, the continent would regain the dominant economic position it held 300 years ago.


Investment dictionary. . 2012.

Игры ⚽ Нужен реферат?

Look at other dictionaries:

  • Asian Century — The Asian Century is a term used to describe the belief that, if certain demographic and economic trends persist, the 21st century will be dominated by Asian politics and culture, similarly to how the 20th century is often called the American… …   Wikipedia

  • Asian American — Asian American …   Wikipedia

  • Asian Americans in arts and entertainment — Asian Americans have been involved in the entertainment industry since the first half of the 19th century, when Chang and Eng Bunker (the original Siamese Twins ) became naturalized citizens. [gb icon [http://faizhao.blogdriver.com/faizhao/521445 …   Wikipedia

  • Asian American jazz — is a musical movement in the United States begun in the 20th century by Asian American jazz musicians.Although Asian Americans had been performing jazz music almost since that music s inception, it was not until the late 20th century when a… …   Wikipedia

  • Century Properties, Inc. — Century Properties, Inc. Website http://www.century properties.com References [1] …   Wikipedia

  • Asian pride — is a slogan used by people of Asian descent to express pride for their heritage.HistoryAsian pride in modern slang refers mostly to those of East Asian descent, though it can include any one of Asian descent. Asian pride was originally fragmented …   Wikipedia

  • Asian American history — is the history of an ethnic and racial groups in the United States who are immigrants or descendants of persons from the continent of Asia. Asian Americans Asian American history is the history of individual ethnic groups, and also the common… …   Wikipedia

  • Asian mussel — Scientific classification Kingdom: Animalia Phylum …   Wikipedia

  • Asian Dub Foundation — Saltar a navegación, búsqueda Asian Dub Foundation Asian Dub Foundation o ADF es una banda musical de dub que mezcla ritmos de drum and bass y reggae con melodías tradicionales de la India y letras de rap (r …   Wikipedia Español

  • Century, Florida —   Town   Location in …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”