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data-component="mdc-c-link" href="#/save" class="mdc-c-drop-down__rootmenu___yJzvz_8032924 mdc-c-link___lBbY1_8032924 mdc-c-link--secondary___TSFam_8032924" data-layer-event-prefix="CTA Link" data-layer-action="click" data-layer-category="article" data-layer-subcategory="save" data-layer-text="Save this article"><span data-component="mdc-c-icon" class="mdc-c-icon___oi7ef_8032924 mdc-c-icon--default___f-hQM_8032924 mdc-c-icon--size-md___yi5fA_8032924 mck-bookmark-icon"></span></a><div data-component="mdc-c-module-wrapper" data-module-theme="light" data-module-background="white" data-module-category="" class=""></div></div></div></div></div></section></div></div></div></div><div class="mck-o-container"><div class="mck-o-container--wrapped mck-o-container--mobile-spacing mdc-u-grid mdc-u-grid-gutter-xxl"><section class="mdc-u-grid mdc-u-grid-col-md-12 mck-u-animation-blur-in-400"><div class="mdc-u-grid-col-md-start-2 mdc-u-grid-col-md-end-12 mdc-u-grid-col-lg-start-3 mdc-u-grid-col-lg-end-11"><div data-component="mdc-c-description" class="mdc-c-description___SrnQP_8032924 mdc-u-ts-5"><div class="mck-u-links-inline">Jeongmin Seong, McKinsey Global Institute Partner, talks about why Asia is in a strong position to influence and shape a new era for the world.</div></div></div></section><main data-layer-region="article-body" class="mdc-u-grid mdc-u-grid-gutter-xxl"><div class="mdc-u-grid mdc-u-grid-col-1 mdc-u-grid-col-md-12"><div class="mdc-u-grid-col-md-start-2 mdc-u-grid-col-md-end-12 mdc-u-grid-col-lg-start-3 mdc-u-grid-col-lg-end-11"><div class="mdc-o-content-body mck-u-dropcap"><p><strong>The world is experiencing a siege of disruptions,</strong> both economic and political鈥攁nd we think that they may trigger a new era for the world.</p>  <p>Asia is in a strong position to influence and shape a new era not only for its own economies, but for the world. That is because Asia is the world鈥檚 new majority. It accounts for more than half of many key metrics we use to analyze the world. For example, Asia accounted for 52 percent of growth in global GDP between 2010 and 2020. Asia also contributed 59 percent of growth in global trade and 53 percent of the manufacturing value added over the past two decades.</p> <p>But can we really talk about Asia as a single entity? It is so large, about 45 million square kilometers. That鈥檚 almost five times the size of Europe. It is incredibly diverse, speaking more than 2,000 languages. And its economies are at very different stage of development. The per capita GDP of Singapore is 60 times that of Nepal, for example.</p> <p>We think that there are at least five different Asias: Advanced Asia, China, India, Emerging Asia, and Frontier Asia. They will experience the new era differently. Nevertheless, we think they have strong complementarities, stitching them together through pragmatic economic cooperation.</p></div><div class="container-placeholder"></div></div></div><div class="mdc-u-grid mdc-u-grid-gutter-xl"><section role="contentinfo" data-layer-region="article-about-authors" class="mdc-u-grid mdc-u-grid-col-md-12 AboutAuthor_mck-c-about-author__nRJzu"><div class="mdc-u-grid-col-md-start-2 mdc-u-grid-col-md-end-12 mdc-u-grid-col-lg-start-3 mdc-u-grid-col-lg-end-11"><h5 data-component="mdc-c-heading" class="mdc-c-heading___0fM1W_8032924 mdc-c-heading--title___5qyOB_8032924 mdc-c-heading--border___K8dj3_8032924 mdc-u-align-center"></h5><div data-component="mdc-c-description" class="mdc-c-description___SrnQP_8032924 mdc-u-ts-8 mck-u-links-inline mck-u-links-inline--secondary mdc-u-mt-5"><div><p><strong><a href="/our-people/jeongmin-seong">Jeongmin Seong</a></strong> is a director of the McKinsey Global Institute and is based in McKinsey’s Shanghai office.</p></div></div></div></section><section class="mdc-u-grid mdc-u-grid-col-md-12 mck-u-screen-only"><div class="mdc-u-grid-col-md-start-2 mdc-u-grid-col-md-end-12 mdc-u-grid-col-lg-start-5 mdc-u-grid-col-lg-end-9"><h5 data-component="mdc-c-heading" class="mdc-c-heading___0fM1W_8032924 mdc-c-heading--title___5qyOB_8032924 mdc-c-heading--border___K8dj3_8032924 mdc-u-align-center">Explore a career with us</h5><div data-component="mdc-c-link-container" class="mdc-c-link-container___xefGu_8032924 mdc-c-link-container--align-center___ar3mu_8032924"><a data-component="mdc-c-link" href="/careers/search-jobs" class="mdc-c-button___U4iY2_8032924 mdc-c-button--secondary___Boipq_8032924 mdc-c-button--size-large___jwpUy_8032924" aria-label="Search Openings" data-layer-event-prefix="CTA Link" data-layer-action="click" data-layer-category="careers" data-layer-subcategory="search" data-layer-text="Search Openings"><span class="mdc-c-link__label___Pfqtd_8032924">Search Openings</span></a></div></div></section></div></main></div></div></main></div><script id="__NEXT_DATA__" type="application/json">{"props":{"pageProps":{"locale":"en","dictionary":{},"sitecoreContext":{"route":{"name":"Why Asia can lead the world into a new era","displayName":"Why Asia can lead the world into a new era","fields":null,"databaseName":"web","deviceId":"fe5d7fdf-89c0-4d99-9aa3-b5fbd009c9f3","itemId":"e613b823-e178-4e60-aaf3-8ef02a44fc03","itemLanguage":"en","itemVersion":2,"layoutId":"ae753eb4-a035-40b4-83bf-4b4438df6742","templateId":"683910db-02ba-40ba-92e7-726c880160a9","templateName":"ArticleJSS","placeholders":{"jss-main":[{"uid":"232bb7e9-289f-492d-a916-2b6185e44a84","componentName":"ArticleTemplate","dataSource":"","fields":{"data":{"articleTemplate":{"title":{"jsonValue":{"value":"Why Asia can lead the world into a new era"}},"sEOTitle":{"value":""},"description":{"jsonValue":{"value":"Jeongmin Seong, McKinsey Global Institute Partner, talks about why Asia is in a strong position to influence and shape a new era for the world."}},"sEODescription":{"value":""},"displayDate":{"jsonValue":{"value":"2024-01-02T00:00:00Z"}},"body":{"value":"\u003cp\u003e\u003cstrong\u003eThe world is experiencing a siege of disruptions,\u003c/strong\u003e both economic and political\u0026mdash;and we think that they may trigger a new era for the world.\u003c/p\u003e\n\n[[video 1]]\n\n\u003cp\u003eAsia is in a strong position to influence and shape a new era not only for its own economies, but for the world. That is because Asia is the world\u0026rsquo;s new majority. It accounts for more than half of many key metrics we use to analyze the world. For example, Asia accounted for 52 percent of growth in global GDP between 2010 and 2020. Asia also contributed 59 percent of growth in global trade and 53 percent of the manufacturing value added over the past two decades.\u003c/p\u003e\n\n\u003cp\u003eBut can we really talk about Asia as a single entity? It is so large, about 45 million square kilometers. That\u0026rsquo;s almost five times the size of Europe. It is incredibly diverse, speaking more than 2,000 languages. And its economies are at very different stage of development. The per capita GDP of Singapore is 60 times that of Nepal, for example.\u003c/p\u003e\n\n\u003cp\u003eWe think that there are at least five different Asias: Advanced Asia, China, India, Emerging Asia, and Frontier Asia. They will experience the new era differently. Nevertheless, we think they have strong complementarities, stitching them together through pragmatic economic cooperation.\u003c/p\u003e"},"isFullScreenInteractive":{"boolValue":false},"hideStickySocialShareBar":{"boolValue":false},"desktopID":{"value":""},"mobileID":{"value":""},"desktopURL":{"value":""},"mobileURL":{"value":""},"desktopPaddingPercentage":{"value":""},"mobilePaddingPercentage":{"value":""},"desktopOverrideHeight":{"value":""},"mobileOverrideHeight":{"value":""},"cerosOembedURL":{"value":""},"cerosRenderMode":{"targetItem":null},"cerosBackgroundColor":{"targetItem":null},"hideByLine":{"boolValue":false},"tableOfContentsTitle":{"value":"TABLE OF CONTENTS"},"accessStatus":{"targetItem":{"key":{"value":"RegisteredUsers"},"value":{"value":"Registered 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