TOKYO -- This is not the first Asian century. According to the late economic historian Angus Maddison, Asia accounted for more than half of world economic output for 18 of the last 20 centuries. The region's growing clout in the world economy is a "restoration," not a revolution, he said.
Today, Asia is in the same position as the U.S. at the beginning of the 20th century: an economic giant, but a political dwarf. © Illustrations by Eric Chow
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