E conomy

E conomy Let us now turn to the third major alternative centre of power and our immediate neighbour, China. The cartoon on the following page sums up the current mood all over the world about the rise of China as an economic power. China’s economic success since has been linked to its rise as a great power. China has been the fastest growing economy since the reforms first began there. It is projected to overtake the US as the world’s largest economy by . Its economic integration into the region makes it the driver of East Asian growth, thereby giving it enormous influence in Why did ASEAN succeed whereas SAARC did not? Leaders release postal stamps to commemorate silver jubilee of India and ASEAN partnership in New Delhi on January