Challenges To Realizing The Asian Century
Asia’s growth is not guaranteed. Its leaders will have to manage multiple risks and challenges, particularly:
- Growing inequality within countries, in which wealth and opportunities are confined to the upper echelons. This could undermine social cohesion and stability.
- Many Asian countries will not be able to make the necessary investments in infrastructure, education and government policies that would help them avoid the Middle Income Trap.
- Intense competition for finite natural resources, such as land, water, fuel or food, as newly affluent Asians aspire to higher standards of living.
- Global warming and climate change, which could threaten agricultural production, coastal populations, and numerous major urban areas.
- Rampant corruption, which plagues many Asian governments.
Read more about this topic: Asian Century
Famous quotes containing the words challenges, realizing, asian and/or century:
“A powerful idea communicates some of its strength to him who challenges it.”
—Marcel Proust (1871–1922)
“Woe to you! For you are like unmarked graves, and people walk over them without realizing it.”
—Bible: New Testament, Luke 11:44.
“We are not about to send American boys 9 or 10,000 miles away from home to do what Asian boys ought to be doing for themselves.”
—Lyndon Baines Johnson (1908–1973)
“Giving is good, but taking is bad and brings death.”
—Hesiod (c. 8th century B.C.)