Posted inAT FinanceChinaNortheast AsiaSouth AsiaWorld

How Asia became a global economic powerhouse

In 1820, Asia accounted for two-thirds of the world’s population and more than one-half of global income. The subsequent decline of Asia was attributed to its integration with a world economy shaped by colonialism and driven by imperialism. By the late 1960s, Asia was the poorest continent in the world when it came to income levels, marginal […]