{"id":668,"date":"2020-10-29T15:02:59","date_gmt":"2020-10-29T14:02:59","guid":{"rendered":"http:\/\/globalbusinessacademy.hosting-cluster.nl\/?p=668"},"modified":"2021-06-23T16:33:09","modified_gmt":"2021-06-23T14:33:09","slug":"the-future-is-now-part-1-asia-the-new-power","status":"publish","type":"post","link":"https:\/\/globalbusiness.academy\/india\/2020\/10\/29\/the-future-is-now-part-1-asia-the-new-power\/","title":{"rendered":"The future is now (Part 1): Asia, the new power"},"content":{"rendered":"<a href=\"https:\/\/www.ssonetwork.com\/global-business-services\/columns\/the-future-is-now-asia-the-new-power\" target=\"_blank\" class=\"button primary\" rel=\"noopener\"  >\n\t\t<span>Link to SSON network<\/span>\n\t<\/a>\n\n\t<div id=\"gap-959725007\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-959725007 {\n  padding-top: 30px;\n}\n<\/style>\n\t<\/div>\n\t\n<p class=\"p1\"><span class=\"s1\">In 20 years, Asia is predicted to top half the global GDP according to McKinsey. Yes, you read that right. Already, Asia represents a third of the global economy.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">For those born in the 50\u2019s and 60\u2019s, Asia was exotic, yet far away from being a super power. Then the Japanese economy surged, followed by the Asian tigers, followed by China, India and soon Indonesia.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">But is it such a sudden rise? Although his research is nowhere near perfect,\u00a0<a href=\"https:\/\/en.wikipedia.org\/wiki\/Angus_Maddison\" target=\"_blank\" rel=\"noopener\"><span class=\"s2\">Angus Maddison<\/span><\/a>\u00a0created an insightful chart about the historical GDP all the way back to the year zero.<\/span><\/p>\n<p class=\"p5\"><span class=\"Apple-converted-space\"> <img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-606\" src=\"https:\/\/globalbusiness.academy\/india\/wp-content\/uploads\/sites\/2\/blog1.jpeg\" alt=\"\" width=\"779\" height=\"603\" \/><\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">For 1500 years, India and China represented two thirds of the global economy, simply because we were all toiling our fields, earning roughly the same amount of money. China and India just had much larger populations.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Then something big happened in Europe: the industrial revolution. GDP jumped drastically. This was followed by colonialization, which had a terrible impact on both India and China, and many other countries. You can see the crumbling of power just in recent memory.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Today, it\u2019s a different story. Asia is going back to what it feels is its rightful place. We are currently in a transition phase, where the gravity of power is moving from west to east.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">But are we prepared? When you talk to western multinationals who are generating fairly hefty revenues out of Asia, they will say \u2018yes\u2019.\u00a0 Yet, apart from a number of large tech companies with Indian CEOs, I see very few Asian-born professionals present in C-level and Boards of Directors. Head office balances between global strengths and local needs but the global strengths often tilt towards western strategies. Asia does not yet have a seat at the table within the center of power.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Every single competitor \u2013 both local and global \u2013 is vying for the same market share in Asia. You can\u2019t be good \u2013 you have to be the best. You have to be smarter, faster, better.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Is your strategy strong enough so that your company will lift off with the rise of Asia? Does your workforce understand this continent well enough to be able to truly balance global vs local needs?\u00a0 What are you doing to be better than anyone else in this most important continent of the world?\u00a0<b>Are you getting your company ready for the future?<\/b><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In 20 years, Asia is predicted to top half the global GDP according to McKinsey. Yes, you read that right. Already, Asia represents a third of the global economy. For those born in the 50\u2019s and 60\u2019s, Asia was exotic, yet far away from being a super power. Then the Japanese economy surged, followed by<\/p>\n","protected":false},"author":3,"featured_media":209,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[58],"tags":[31,30],"class_list":["post-668","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-future-is-now","tag-asia-gbs","tag-ilse-kerling"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The future is now (Part 1): Asia, the new power - India Business Academy<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/globalbusiness.academy\/india\/2020\/10\/29\/the-future-is-now-part-1-asia-the-new-power\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The future is now (Part 1): Asia, the new power - India Business Academy\" \/>\n<meta property=\"og:description\" content=\"In 20 years, Asia is predicted to top half the global GDP according to McKinsey. Yes, you read that right. Already, Asia represents a third of the global economy. For those born in the 50\u2019s and 60\u2019s, Asia was exotic, yet far away from being a super power. Then the Japanese economy surged, followed by\" \/>\n<meta property=\"og:url\" content=\"https:\/\/globalbusiness.academy\/india\/2020\/10\/29\/the-future-is-now-part-1-asia-the-new-power\/\" \/>\n<meta property=\"og:site_name\" content=\"India Business Academy\" \/>\n<meta property=\"article:published_time\" content=\"2020-10-29T14:02:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-06-23T14:33:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/globalbusiness.academy\/india\/wp-content\/uploads\/sites\/2\/shutterstock_1488869273-1600x655.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"655\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Ilse Kerling\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ilse Kerling\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/globalbusiness.academy\\\/india\\\/2020\\\/10\\\/29\\\/the-future-is-now-part-1-asia-the-new-power\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/globalbusiness.academy\\\/india\\\/2020\\\/10\\\/29\\\/the-future-is-now-part-1-asia-the-new-power\\\/\"},\"author\":{\"name\":\"Ilse Kerling\",\"@id\":\"https:\\\/\\\/globalbusiness.academy\\\/india\\\/#\\\/schema\\\/person\\\/686bb6e9586fd63b91fb7865025384d1\"},\"headline\":\"The future is now (Part 1): Asia, the new power\",\"datePublished\":\"2020-10-29T14:02:59+00:00\",\"dateModified\":\"2021-06-23T14:33:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/globalbusiness.academy\\\/india\\\/2020\\\/10\\\/29\\\/the-future-is-now-part-1-asia-the-new-power\\\/\"},\"wordCount\":412,\"image\":{\"@id\":\"https:\\\/\\\/globalbusiness.academy\\\/india\\\/2020\\\/10\\\/29\\\/the-future-is-now-part-1-asia-the-new-power\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/globalbusiness.academy\\\/india\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/shutterstock_1488869273.png\",\"keywords\":[\"Asia\u00a0GBS\",\"Ilse Kerling\"],\"articleSection\":[\"The future is now\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/globalbusiness.academy\\\/india\\\/2020\\\/10\\\/29\\\/the-future-is-now-part-1-asia-the-new-power\\\/\",\"url\":\"https:\\\/\\\/globalbusiness.academy\\\/india\\\/2020\\\/10\\\/29\\\/the-future-is-now-part-1-asia-the-new-power\\\/\",\"name\":\"The future is now (Part 1): Asia, the new power - 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