Asian century and investment opportunities you can consider

Recently, McKinsey published a discussion paper titled: The future of Asia, where the authors explored the past and future developments of Asia.

In this article, I will be sharing with yall one of the topics discussed within the 84-page paper.

As the discussion paper is segmented into different topics, the focus of this article will revolve around the significance of the Asian Century and what you need to know about it.

All information presented is extracted from the discussion paper itself. I am merely summarizing the findings and providing some of my inputs alongside with what was discussed in the article.

What is “Asian Century”

The Asian Century is the projected 21st-century dominance of Asian politics and culture, assuming certain demographic and economic trends persist.

By that definition, the Asian Century has begun.

Already the world’s largest regional economy, Asia is set to continue to grow in scale and influence.

This region is at the forefront of shifting patterns of globalization and is indeed shifting faster than the rest of the world, suggesting that it is Asia more than any other region of the world that will shape the next phase of globalization.

So, what changed over the years?

The following few charts summarize the changes that Asia has experienced over the decade