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.
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