The Asianized World Has Arrived (Project-Syndicate)

By 2040, Asia is likely to generate more than 50% of world GDP, and could account for nearly 40% of global consumption. This progress reflects the integration of at least four “Asias,” each at a different stage of economic development – and each playing a unique role in propelling the region’s global rise.

Jonathan Woetzel is a McKinsey senior partner, a director of the McKinsey Global Institute, and co-author of No Ordinary Disruption: The Four Global Forces Breaking All the Trends. – Jeongmin Seong is a senior fellow at the McKinsey Global Institute in Shanghai.

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