We used to say the future is Asian. Now the data is showing us that it's the present
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“We used to say the future is Asian. Now the data is showing us that it's the present”
For years, the rise of Asia and other developing economies was treated as a story about the future. Governments and businesses around the world acknowledged the trend while keeping their priorities much as they were. This month, the International Monetary Fund’s World Economic Outlook makes it harder to treat this as a future prospect. Its figures show that the shift is already visible in the scale of global production, the sources of growth and the markets companies will need to understand.…
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