Asia is one of the largest continents in the world in terms of both the size of population and the geographical area. It constitutes of 48 countries, six non-UN States and six as dependent territories. Asia has emerged as the fastest growing region of the world economy during the first two decades of the twenty-first century (The World Bank, 2018). The share of Asia in the global GDP is 46.7 per cent (IMF, 2019). In terms of global trade in goods, Asia accounts for one-third of it. There is a surge in Asian capital flows and air travel and their global share has risen to 23 per cent and 40 per cent, respectively (Woetzel & Seong, 2019). The sustained rise of Asia in the global economy is essentially attributed to the increasing linkages among the Asian countries, in terms of trade of goods, capital flows and air travel. It is not exaggeration to say that Asia has emerged as an engine of economic growth of the global economy. It has moved at a fast pace from a low income to a middle income group. Thus, the twenty-first century can be called as the ‘Asian Century’. It is widely acknowledged that the global economy has been undergoing dramatic transformation. The Asian transformation plays the lead role in terms of innovations in public policies, unique short cycle technologies (Lee, 2019) and interand intra-regional economic transactions. This region has immensely contributed to the reduction of global poverty and a substantial improvement in social indicators. Asia is highly diverse in terms of structure and stage of economic development across countries (Nayyar, 2019a, 2019b). The emergence of Asia as an economic power faces challenges from the world economic order dominated by the super power. The rising conflict and restrictions on international trade between China and the USA reflects this. However, apart from global challenges, Millennial Asia 10(3) 245–248, 2019 © 2019 Association of Asia Scholars Reprints and permissions: in.sagepub.com/journals-permissions-india DOI: 10.1177/0976399619887619 journals.sagepub.com/home/mla

中文翻译：

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二十一世纪亚洲的发展经验

就人口规模和地理区域而言，亚洲是世界上最大的大陆之一。它由48个国家，六个非联合国国家和六个附属领土组成。在二十一世纪的前二十年中，亚洲已成为世界经济增长最快的地区（世界银行，2018年）。亚洲在全球GDP中所占的比例为46.7％（IMF，2019）。就全球货物贸易而言，亚洲占其中的三分之一。亚洲资本流动和航空旅行激增，它们在全球的份额分别上升到23％和40％（Woetzel＆Seong，2019）。亚洲在全球经济中的持续崛起主要归因于亚洲国家之间在货物贸易，资本流动和航空旅行方面的联系日益紧密。毫不夸张地说，亚洲已经成为全球经济的经济增长引擎。它已从低收入群体迅速转移到中等收入群体。因此，二十一世纪可以称为“亚洲世纪”。众所周知，全球经济正在发生巨大变化。亚洲转型在公共政策创新，独特的短周期技术（Lee，2019）以及区域间和区域内经济交易方面发挥了主导作用。该区域极大地促进了全球贫困的减少和社会指标的显着改善。在各国经济发展的结构和阶段方面，亚洲具有高度差异性（Nayyar，2019a，2019b）。亚洲作为经济大国的崛起面临着超级大国主导的世界经济秩序的挑战。中美之间日益加剧的冲突和对国际贸易的限制反映了这一点。但是，除了全球挑战之外，千禧亚洲10（3）245–248，2019©2019亚洲学者协会版权所有转载和许可：in.sagepub.com/journals-permissions-india DOI：10.1177 / 0976399619887619 journals.sagepub.com/家/ mla