1 China, India, and the new globalenergy order

1.1 The Asian century?

This book has been motivated largely by the huge changes in the world economy that have occurred since the new millennium. The most important change has been the rise of China and India—the two biggest emerging economies in the world. Is the twenty-first century going to be the Asian century, as the twentieth century was the American century and the nineteenth century was Europe's? Many agree that it might be thanks to the contribution of China and India to the world's economic growth.

In the last two decades, Asia's economic growth has diverged from that of other developing regions. Since the mid-1980s, economic growth in emerging Asia (including China and India) has been ...

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