Question-2: What do you understand by Asian Century? Explain and discuss what are the opportunities for India amidst the growing significance of Asia.
Answer: The Asian Century is the projected 21st-century dominance of Asian politics and culture, assuming certain demographic and economic trends persist. The rise of countries such as China, India, Japan, South Korea etc has driven economic growth across the world.
Reasons for Asian Century
- Economic might
The economy of Asian countries combined is bigger than the rest of the world. This indicates that Asia is growing faster than the rest of the world.
- Neutral alignment
Asian countries are showcasing their non aligned status and allowing multilateralism to prosper. This is in stark contrast to the rest of the world.
- Trade relations
Countries of Europe and America are desperate to have strong trade relations with Asian countries such as India and China. This indicates the importance of Asia to their economic growth.
Opportunity for India
- There is room for India to become a larger sourcing base for global supply chains.
- India can benefit from the flows of capital and investment powering development.
Over the coming century, cooperation between China and India can play a crucial role in reviving multilateralism and building a more united Asia.
Tags: GS 2 (International relations)
By – Prashant Tiwari