The Asian century is set to begin

"Vietnam, one of Asia’s fastest-growing economies, has overtaken 17 countries in a ranking of economies in PPP terms since 2000, including Belgium and Switzerland. The Philippines is now a larger economy than the Netherlands while Bangladesh has overtaken 13 other economies in the past 20 years.

Asia’s recent surge, which began with Japan’s postwar economic surge, represents a return to a historical norm. Asia dominated the world economy for most of human history until the 19th century."

Read more: Financial Times