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Asian Megatrends assesses the key driversimpactingAsia over the next two decades. The rise of China is transforming the Asia-Pacific, as China's economic and military might increasingly reverberates throughout the region. India and Indonesia are also rising Asian powers that are changing the shape of the Asian economic landscape. The rapid growth of emerging Asian consumer markets is also becoming an increasingly important growth engine for the world economy and for global multinationals. However Asia also faces tremendous economic and social challenges over the long-term, including the rapid...

With its traditional growth engines failing, the world is looking to Asia for economic salvation. The rise of China, India and ASEAN (Association of Southeast Asian Nations) countries such as Indonesia, and the rapid growth of Asian consumer markets are increasingly being seen as the new growth drivers for the world. However, this shift in economic power from West to East also brings new challenges. Western multinationals face increasing competition from rapidly growing multinationals from developing countries such as Hyundai, Tata and Acer, as they challenge their Western competitors....

The developed nations are no longer insulated from the economic shockwaves impacting developing countries, as globalisation and economic integration have also amplified the transmission effects to the West through immigration flows, cross-border crime and the proliferation of international terrorism.