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Asia 2050

Asia 2050
Realizing the Asian Century

  • Harinder S. Kohli - Emerging Markets Forum and Centennial Group Holdings, Washington DC, USA
  • Ashok Sharma - Asian Development Bank, Manila
  • Anil Sood - Centennial Group Holdings, Washington DC, USA

© 2011 | 412 pages | SAGE Publications Pvt. Ltd
Asia is in the midst of a truly historic transformation. If it continues to grow on its recent trajectory, it could, by 2050, account for more than half of global GDP, trade and investment, and enjoy widespread affluence. Its per capita income could rise sixfold. It thus holds the promise of making some 4 billion Asians, hitherto commonly associated with poverty and deprivation, affluent by today's standards.

This study, Asia 2050: Realizing the Asian Century, is aimed at key opinion makers to foster debate on a vision of and strategy for Asia's potentially historic rise among the global community of nations between now and 2050. It offers a long-term perspective of the Asia region as a whole as opposed to the more common approach that delivers a short- to medium-term perspective of selected countries, subregions or issues.

Asia in the Global Economy in 1700-2010: Setting the Scene  
Asia in the Global Economy in 2011-2050: The Main Drivers of the Asian Century  
Asia in the Global Economy in 2050: The Asian Century  
Realizing the Asian Century: Mega-Challenges and Risks  
Realizing the Asian Century: A Strategic Framework  
Growth and Inclusion  
Driving Productivity and Growth  
A New Approach to Urbanization  
Transforming Finance  
Reducing Energy Intensity and Ensuring Energy Security  
Action on Climate Change in Asia's Self-Interest  
Transforming Governance and Institutions  
Regional Cooperation and Integration  
Realizing the Asian Century: Asia's Role in the World  
Conclusion: Cost of Missing the Asian Century

With more weight of the global economy shifting to Asia and the region's rising global footprint, Asia's economies must take on new obligations as responsible global citizens. As this book points out, it is in Asia's self interest to preserve the Global Commons and, particularly, to take urgent action to mitigate climate change.

Horst Koehler
Former President of the Federal Republic of Germany

Asia 2050 presents a bold and enticing vision for the people of Asia-a vision that is achievable through determined action by Asia's leaders on the national front, in promoting cooperation across the region, and in taking ownership of the global agenda. It is a remarkably balanced discussion of the challenges and the opportunities that lie ahead.

Hiroshi Watanabe
President and CEO, Japan Bank for International Cooperation

Achieving potentially historic transformation in a region that encompasses half the humanity will be of immense interest to political, economic and business leaders around the globe. The book presents a compelling agenda for unlocking Asia's undeniable potential.

Christine Lagarde
Former Minister for Economy, Finance and Industry, France, and Incoming Managing Director, IMF

This book suggests that Asia can aim at achieving today's European levels of prosperity in four decades. But it also warns that we could miss the objective if Asia's emerging economies get caught in the middle income trap. Asian policy makers are well advised to ponder this challenge. Asia 2050 will help them do so.

Montek Singh Ahluwalia
Deputy Chairman, Planning Commission, India

Asia's rise to preeminence makes a fascinating story. The book is a timely reminder that sustained growth will require countries to harness the full potential of technological change, innovation and entrepreneurship. Otherwise, countries could find themselves in a middle income trap where productivity and growth could stagnate for extended periods. The book identifies a wide range of wise and pragmatic policy and institutional interventions that must be made early on to avoid the middle income trap.

Yoon Jeung-Hyun
Minister of Strategy and Finance, Republic of Korea

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ISBN: 9788132107569

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