China and India

8 Conclusions

Adapting to the new global energydynamic

The twenty-first century is to be Asia's century. The coming decades will see global economic growth increasingly being generated in Asian emerging economies. Today's emerging economies, in real terms, account for 45 percent of global output (2011), compared with about 37 percent in 2004. These countries will account for an increasing share of international trade, investment flows and energy demand. Global growth is likely to be driven by the sustained rise of China and India. The emergence of new global players like China and India with different cultures, business practices, and foreign policy agendas has required the US and the developed world to adapt and adjust to the changing circumstances, ...