Asian Countries New Updates

Asia on the cusp of a new era

Today's cluster of disruptions, both economic and political, in many ways have Asia at the epicenter. We assert that these may be triggers for a new era in which Asia will play a leading role.

Today's challenging conditions are not unique. MGI's global research has identified other periods of disruption since 1945.1 Each triggered the start of a prolonged new era that was relatively stable in the structures and norms that frame the global economy and international relations, but transformational change occurred within that stability.

This majority position gives Asia an opportunity to influence and shape a new era not only for its own economies but for the world. But even if from a position of strength, by being at the nexus, it will face a heightened version of the world's new global challenges in the five domains—each of which we explore in this report.