August 17, 2020By 2040, Asia could comprise more than half of global GDP and drive 40 percent of the world’s consumption, giving it the potential to fuel and shape the next phase of globalization. This seismic shift was the impetus for our Future of Asia research series on what expanding growth and opportunity in the region means for governments and businesses around the world.“Between Malaysia, Indonesia, and Singapore—I’ve been working in Asia for over 17 years,” says Oliver Tonby, chairman of McKinsey’s offices in Asia. “It's an area of real global business growth.” Oliver explains that while its economies have been expanding beyond the rest of the world combined and leading in trade, capital, talent, and innovation, the region’s growth story had not been extensively told until our research series.“Growth and opportunity in Asia have significantly advanced human development—from longer life spans and greater literacy to a surge in internet adoption,” says...
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