By 2050, Asia will have more than five billion people, while the European Union’s share of the global population will decline from 9% to 5%. Annual economic growth in Asia over the past 30 years has averaged 5%. Its GDP is projected to increase from $30 trillion to about $230 trillion by 2050. The balance of power in the twenty-first century is shifting – in social, economic, and, arguably, political terms – from west to east.
Read the rest at Project Syndicate
by Chandran Nair
(h/t Kevin Fathi via email)
(h/t Kevin Fathi via email)
Nair argues that the East cannot emulate the consumption model of the West owing to resource constraints and pollution concerns. This will involve modifying adoption of the Western liberal tradition in the East. Pursuit of maximum utility by individuals is not a human right in this view, even though it is a cardinal tenet of Western neoliberalism.
2 comments:
Septeus7, what I thought interesting was the Niar's suggestion about economic rights as human rights. It is clear that there is a huge different of viewpoint in this and I don't think it is limited to the East. There are a lot of people in the West who think that max u is not a human right, while the prevailing notion is that it is a human right. This disagreement is going to come increasingly to the fore.
Of course, it would be obviated if technology permits a smooth transition to a consumption-based global economy. But I don't see things scaling up that quickly. There is going to be considerable friction over this, especially as climate change bites harder, which I expect to become a rising trend in the coming year.
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