The Asian Century: Reality or Hype?

For
1. Social
  1. The demographic factors are overwhelmingly in favor of Asia, and with the improving of the educational standards in the region and the sheer size of the population, will ensure increasing........
    1. Productivity growth
    2. Savings accumulation
    3. Innovation
    4. Foreign direct investment
    5. Engines of aggregate demand
  2. Most Asian societies have invested enormously in education, Asia always had the world´s largest pool of brain power
2. Political
  1. Issues relating to the quality of education and healthcare and social security for all citizens will be of mounting political priority for all governments
  2. The quality of policymakers and policy making has improved all over Asia.. In China, the Chinese Communist Party has probably developed one of the world´s best meritocratic systems for selecting new leaders
3. Economic
  1. Asian GDP is 60 percent higher than that of the United States and barring some unforeseeable catastrophe, that gap will continue to grow
  2. As long as poor countries manage their economies fairly well, they grow faster than rich countries as they converge toward the same per capita GDP
4. Strategic/MIlitary
  1. Absolute size is important in some dimensions, with China´s scale already providing the resources to challenge U.S. military dominance in the region
Against
1. Social
  1. Certain shared Asian values have been forged, including the obsession with education, treatment of the elderly, and the importance of frugality and savings
  2. Asia lacks unity and commonality
2. Political
  1. Much of Asia has experienced a decline from the peak of their powers in the 18th century, of being overtaken and colonized by European powers.
  2. In political terms there is no entity called Asia
3. Economic
  1. Is not an economic association
  2. As it grows more powerful its neighbors will likely turn to the United States for protection
4. Strategic/Military
  1. China is going to have trouble increasing its soft power until it realizes that much of the soft power comes from civil society, not from government
  2. In military power, the United States is likely to remain much more powerful on a global basis than China
21st Asian Century?
1. It is true that the economic power plays an important roll when we think about the Asian continent and also it offers a great technological level, but it does't mean that this is going to be the 21st Asian Century. The explanation for this is that, first of all, the sub regions need to be politically unified in order to get a real continental integration, otherwise the countries will be still fragmented. That means that they need to take a chance on their emergent economies and seek for real cooperation.
Brenda Hassive Santiago Escobar A01335588

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The Asian Century: Reality or Hype?

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