What is the attractiveness of SAARC to Global Markets?
MTI: The rapid economic growth in Asia will bring about a historic shift in the core of the world economy. The catastrophes of World War 1, the Great Depression, and World War 2 did not shake the dominance of the North Atlantic economies, though they did shift the balance of geopolitical influence away from Europe to the United States. The American century is predicted to end sometime in the second quarter of the twenty-first century, when Asia becomes the hub of the world economy, in the sense of producing more than half of the world’s income. The end of the American century will not be the result of any collapse of America’s well-being but rather the rise of Asia’s economic power. Within this South Asia plays a predominant role accounting for 1.5 billion of the world’s population and $1.4 trillion worth of output. The end of the American century will not be the result of any collapse of America’s well-being but rather the rise of Asia’s economic power. Q: Given the opportunity, shoul
