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Markets and Trade: Implications of the Post-Western World

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Learning activity

Identify one way that the emergence of the post-Western world has had/will have an impact on your organisation.

What is one way that you can respond to this impact in your professional capacity?

Key Takeaways

In this chapter, Professor Kishore Mahbubani explored the pivotal role the economic development of Asian societies has played in shaping the emergence of the post-Western world.

  1. Successful development of Asian societies, particularly China, India, and ASEAN, is driving global economic growth and prosperity. For example, the economic contributions of ASEAN in the past decade have exceeded those of the European Union.

  2. With the middle-class population in these regions expanding significantly, there are abundant opportunities for SMEs and individuals worldwide to tap into new markets.

  3. Even with the economic benefits brought by the growth of Asian markets, there are challenges evident in US-China relations. Yet, despite challenges and tariffs, trade between the two nations has continued to grow.

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Further Readings
  1. Monica Miller (2023)US-China trade hits record high despite rising tensionsBBC
  2. Kishore Mahbubani (2023)Is the world heading toward order or disorder?Arab News
  3. Asian Development Bank (2014)ASEAN, PRC, and India: The Great TransformationAsian Development Bank Institute
  4. Kishore Mahbubani (2022)The Asian 21st CenturySpringer