John Niland, University of New South WalesA common wisdom is that we are now entering the Asian Century, having travelled the American century in the 1900s and the British century in the 1800s. This reflects the array of impressive economic indicators emerging in the East. As the Australia in the Asian Century white paper (Australian Government, 2012) notes, in the past 20 years alone China and India have “almost tripled their share of the global economy”, and the Asian Development Bank estimates that by mid-century “an additional 3 billion Asians could enjoy living standards similar to those in Europe today, and
2014
the region could account for over half of global output”. (ADB, 2011). Such profound change prompts many questions,…
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