The Asian Century

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The Asian Century Critics observe that, should certain demographic and economic conditions continue, Asian culture and politics will dominate the world in the 21st century. This situation was what made the 20th century the American century and the 19th century the British century. Those demographic and economic trends required for Asia's dominance have been occurring for more than half a century in the successive and dramatic economic growth of Asian economies according to global economic and strategic norms (DPMC 2012).The burst began with Japan in the 50s then by East and Southeast Asian economics as well as some South Asia economies recently. An unprecedented increase in living standards and in income in the region followed. The rapid economic growth reduced poverty and expanded the ranks of the middle class. Analysts agree that these changes are bound to continue (DPMC). The characteristics of the massive new middle class are profoundly influencing or directing national and global markets (DPMC 2012). Their spending patterns, social and cultural preferences, use of technology and occupations pressure commodity prices and energy demand. Environment pressure is one consequence. Increased spending on international travel and education is already evident. Industrial structures are also likely to surface. With an increase in the depth and expanse of knowledge, skills and capital, the industrializers of the region have transformed from labor-intensive manufacturers to
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