By 2050, three of the world’s largest economies will be Asian: China, India, and Japan. In The New Asian Hemisphere, Kishore Mahbubani argues that Western minds need to step outside their “comfort zone” and prepare new mental maps to understand the rise of Asia. The West, he says, must gracefully share power with Asia by giving up its automatic domination of global institutions from the IMF to the World Bank, from the G7 to the UN Security Council. Only then will the new Asian powers reciprocate by becoming responsible stakeholders in a stable world order.
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