Friday, January 28, 2005

Growing global buzz on China and India

By Kishore Mahbubani, The Straits Times, Jan 28, 2005

ONE of the joys of my life has been spending time in intellectual watering holes in corners of the globe. As I go from Aspen to Davos, Ditchley to Salzburg, I pick up the 'buzz' and a good feel of what is preoccupying key minds around the globe. It is now clear the emergence of China and India has grabbed the attention of the world.

Recently, a panel of American intelligence analysts consulted 1,000 international experts to assemble a look into the future called Project 2020. The chairman of the United States National Intelligence Council, Mr Robert Hutchings, released the report, which predicted, among other things, the emergence of new global powers including China and India. As the consciousness of the impending rise of China and India is relatively new, few have absorbed the full implications. Most analysts focus on the economic emergence of the two countries. In purchasing power parity (PPP) terms, China is the second largest economy in the world, next to the United States, followed by Japan and India. At present growth rates, China will be the world's largest economy within a decade and India the world's third largest by 2010.--------------------

1 comment:

Anonymous said...

I think it is about time that people embrace the importance of east asia and china. an ignorant person once asked me why I was studying east asia -- the fool will soon learn why he should have seen the answer coming: "why not"..
I am, however, surprised by how many people are interested in China here in Washington. Lots of folk here speak fluent chinese - to the envy of cookiesap