THE NEW WORLD ORDER AND FUTURE OF ASIA

Abstract

Asia is the largest geographical economy in the world, and its importance will grow as its economic levels of trade, innovation, cultural interaction, and population movement rise. The next phase of globalization will be driven and shaped by Asia in what has been aptly named the Asian Century. Policymakers need to be ready to succeed in the Asian Century despite the hazards and challenges that Asia is currently experiencing. To be relevant in Asia, they must address environmental issues, bridge skill gaps, and improve institutional capabilities. They also need to reevaluate the Asian operating model and begin constructing a better framework for intraregional cooperation, such as a successful dispute resolution system and increased facilitation of non-trade flows. Through the prism of the 21st century, this study tries to analyze the age of Asia's emergence while taking into account its causes, its consequences on world order, and the problems that this entails for Asia, in addition to other international actors.