English Article

Asia’s remarkable economic transformation

Two centuries ago, in 1820, Asia accounted for two-thirds of the world’s population and more than a half of world income. It also contributed more than a half of manufacturing production in the world economy. The subsequent decline of Asia was attributable to its integration with the world economy shaped by colonialism and driven by imperialism. By 1962, its share in world income had plummeted to 15%, while its share in world ............