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CHINA AND INDIA–FOUR STORIES ROLLED INTO ONE

The debate about whether Asia will once again dominate the global economy—as it did for two millennia before the industrial revolution in 18th-century Britain and the rise of the US—is over. The 21st century will be the age of Asia's return to economic pre-eminence.1

Victor Mallet, Financial Times, 2008

The first decade of the twenty-first century will go down as representing a strategic inflection point in the global economic landscape. For the first time in almost two hundred years, it is in this decade that, in terms of gross domestic product (GDP), the emerging economies will catch up with and race ahead of the developed ones—a trend that is likely to get added impetus as a result of the financial ...

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