GEOPOLITICS
While good relations between China and the United States are critical to Asia's future, this does not mean the region will become a Sino-American duopoly. The concept of a "G2" is never going to fly in Asia.
To begin with, Asia's combined GDP (excluding China) is roughly equivalent to that of the US and vastly exceeds that of China. Furthermore, Japan remains the world's third largest economy while economies like India, South Korea, Indonesia and Australia are growing rapidly.
Under President Susilo Bambang Yudhoyono's direction, Indonesia is on the cusp of becoming a US$1 trillion economy. With a population approaching 250 million, the country's annual GDP growth has been consistently above 6%. At this rate, Indonesia is likely to emerge as one of the world's top six economies by 2030.
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.
About the author
- Writer: Kevin Rudd
