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.--------------------