Kishore Mahbubani: Is the West afraid of a rising Asia?

Kishore Mahbubani: Yeah, I am afraid so. I am afraid there is...part of the reason why I wrote the book was to tell the west that at the end of the day my message is in optimistic one. The Asians as they rise do not want to dominate the west. They want to replicate the west. They want to create modern, open middle-class societies in Asia as you have in the west, and so the west should reach out today and establish new partnerships on the basis of equality and not on the basis of domination, and the west should stop insisting that it should continue to control all these globally situations. I mean, even today you have a rule that says to become the head of the IMF you must be a European. To become the head of the World Bank, you must be an American, and guess what? 3.5 billion Asians will now have the world fastest growing economies, who have the worlds largest pool of foreign reserves, 3 trillion dollars, and who probably produce more PhDs in economics than the west does. Guess what? We don’t qualify to run the IMF or the world bank, now that is the kind of absurd anachronism that has got to be removed.

Question: Isn’t this happening organically anyway?

Transcript:I think globalization is a wonderful thing, and, indeed, the remarkable thing is it that the west, as you know, created globalization. But the paradox you have today is that even though the west created globalization, the west is now afraid of globalization increasingly so, while the east is embracing globalization. In fact, one of my predications for the 21st century is that you will see the Asianization of globalization where the Asians will say, “hey! we love globalization, because in an open level playing field we can compete and we can succeed.” So, in the business sector, for example, businessmen are aware of the importance of Asia. Businessman realize that you got to have all the major multinational companies realize, you cannot have a global strategy without having a China strategy or India strategy, but if you see whereas the business minds have been opened to the new prospects in Asia, policymakers minds have not been opened, and they are still remain rooted in the past, and that's why I had to write the book at this point of time


His book, Mahbubani says, brings good news.

LinkedIn meets Tinder in this mindful networking app

Swipe right to make the connections that could change your career.

Getty Images
Swipe right. Match. Meet over coffee or set up a call.

No, we aren't talking about Tinder. Introducing Shapr, a free app that helps people with synergistic professional goals and skill sets easily meet and collaborate.

Keep reading Show less

10 books to check out from Jordan Peterson's 'Great Books' list

The Canadian professor has an extensive collection posted on his site.

Jordan Peterson with Carl Jung and the cover art of Jaak Panksepp's 'Affective Neuroscience' (Image: Chris Williamson/Getty Images/Big Think)
Personal Growth
  • Peterson's Great Books list features classics by Orwell, Jung, Huxley, and Dostoevsky.
  • Categories include literature, neuroscience, religion, and systems analysis.
  • Having recently left Patreon for "freedom of speech" reasons, Peterson is taking direct donations through Paypal (and Bitcoin).
Keep reading Show less

Scientists claim the Bible is written in code that predicts future events

The controversy around the Torah codes gets a new life.

Michael Drosnin
Surprising Science
  • Mathematicians claim to see a predictive pattern in the ancient Torah texts.
  • The code is revealed by a method found with special computer software.
  • Some events described by reading the code took place after the code was written.
Keep reading Show less

Should you invest in China's stock market? Know this one thing first.

Despite incredible economic growth, it is not necessarily an investor's paradise.

  • China's stock market is just 27 years old. It's economy has grown 30x over that time.
  • Imagine if you had invested early and gotten in on the ground floor.
  • Actually, you would have lost money. Here's how that's possible.