SINGAPORE — Asia will experience a new golden era of peace and prosperity over the next 10 years.
The export-led growth model of the past will no longer work for the major Asian economies. Hence, we are unlikely to see a return to double-digit growth.
If the major Asian economies, especially China, India and Indonesia, are able to maintain growth rates of around 7 percent a year, this will be a major achievement. Fortunately, this is within their reach. Three factors will drive this.
– The first factor is an almost unbelievable accident of history. It is truly remarkable that the three most …read more
Source: The Huffington Post
