Is Asia’s 21st Century Sustainable?

Asia has arrived. According to McKinsey Global Institute, the 21st century is truly Asia's century. Asia is now the dominant economic force of the world, eclipsing Europe and North America, the global powers in the 19th and 20th centuries.

The Financial Times of London more or less agrees with the analysis of McKinsey Global Institute.  In its March 26, 2019 issue, FT reporters Valentina Romei and John Reed noted that Asia's output in the 1950s was less than 20 per cent of the world's total; in 2000, Asia's share reached about 1/3 of the  world's; and today, to around 40 per cent. Asia's rise was due to the fast growth of a number of Asian countries.  After the United States, the three biggest economies today are Asian: China, India and Japan.