Asia 2050: Realizing the Asian Century by Asian Development Bank

By Asian Development Bank

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Additional resources for Asia 2050: Realizing the Asian Century

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Otherwise, the large In addition, almost all countries face the overarch- (and growing) disparities will generate rising social ing challenge of governance and institutional capacity, dissatisfaction and threaten peace and stability. This, improvements in which are a prerequisite for overcom- in turn, would destroy the political support for the ing all other challenges. extraordinary discipline required to realize the vision of These challenges are not mutually exclusive. They the Asian Century.

Climate change is arguably the single most important long-term issue of our lifetime middle class. Combining growth with current income While thousands of highly qualified and wellmeaning experts and institutions—both public and the future size of the middle class and the growth private—have already produced many outstanding of its consumption for the next 20 years; in India (19 studies, there is no independent study analyzing the percent), Indonesia (13 percent), Malaysia (7 percent), economic self-interest of developing countries in Asia Thailand (8 percent) and Viet Nam (19 percent).

Many have thought of social stability and economic growth as a virtuous cycle From growth to social well-being Table 4 Internet usage is skyrocketing globally, picking up in Asia So far, Asian policy makers have emphasized Many have thought of social stability and economic growth as a virtuous cycle. One underpins the other. That has certainly been Asia’s historical experience, but it may need reconsideration as Asian societies become more affluent between now and 2050. 2 46% Internet Users (per 100 people) Source: International Telecommunication Union ICT Indicators, 2010.

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