Download e-book for kindle: Asia 2050: Realizing the Asian Century by Asian Development Bank

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Box 2 Risks of conflict in Asia In the 1990s, Asia experienced a downward regional security order is in a state of flux. Asia’s trend in the number of conflicts—mirroring a similar unprecedented economic boom has had major— global trend. Sadly, it appears that the trend is now but still unresolved—implications for how political reversing, both globally as well as in Asia. power will be distributed throughout the region; it Several internal conflicts (where one or more ethnic group seeks to break up from an existing state) have been brewing intermittently.

In Asia, separate countries into three groups based on their upgrading product lines (and discontinuing the out- past performance. One group is the seven high moded ones) is the most common form of technologi- income developed economies. 1 converge with the United States (taken here as repre- Much Asian research and development is con- sentative of what advanced countries have achieved ducted by the business sector, shortening the time in technological growth) and can be expected to between new ideas and their adoption in new com- continue to do so, albeit at a pace that slows as they mercial ventures.

These countries will of transformation particularly relevant to Asia: the continue to have modest growth, especially once emerging middle class; climate change; and the favorable demographic forces reverse or capital accu- communications revolution. Finally, it draws atten- mulation starts to slow. However, they too can join the tion to the emerging debate on growth versus social convergers’ group through sustained improvements well-being and personal happiness. These drivers are in productivity.

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Asia 2050: Realizing the Asian Century by Asian Development Bank

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