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View from Davos January 2 2013

Asia's diverse path to maturity

With Asian economies expected to account for half of the world’s financial assets by 2050, there are huge implications for the financial architecture of Asia and the world. 
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Asia's diverse path to maturity

Will Asia dominate the global economy and finance? This is very much a key question in the West, but is it the wrong question?

Asia is not one voice or one unitary region, but a mosaic of different languages and cultures, with vastly different levels of development. Geographically, the Asian continent stretches from the Bosphorus in Turkey to the Bering Strait, but the East Asian Summit recently discussed a Regional Comprehensive Economic Partnership covering not only Asean+3 (Association of South-east Asian Nations plus China, Japan and South Korea) and India, but also Australia and New Zealand.

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