The sweeping changes underway in Asia are not just economic, but have also created new political realities that cannot be ignored. Europe must take Asian views on global governance seriously, while the new Asian players must take into account the progress achieved in this regard in the latter half of the twentieth century.
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BERLIN amp#45;amp#45; Asia’s rise as an economic and political player exemplifies what globalization is all about. By the decade’s end, China’s economy will be larger than Germany’s. By 2040 three of the world’s five largest economies – China, India, and Japan – will be in Asia.