TO Parag Khanna, author of “The Future is Asian” the answer is almost self-evident. However, if you read his book carefully, he thinks that global power will be shared between Asian and Western civilisations.
For the West, the rise of Asia has been frighteningly fast, because as late as 1960, most of Asia was poor, agricultural and rural, with an average income per capita of less than US$1,000 in 2010 prices. But 50 years later, Asia has become more urban, industrialised and becoming a challenge to the West in terms of trade, income and innovation.