Asia is the largest continent in the world by both land area and population. It covers an area of more than 44 million square kilometers, about 30% of Earth's total land area and 8% of Earth's total surface area. The continent, which has long been home to the majority of the human population, was the site of many of the first civilizations. Its 4.7 billion people constitute roughly 60% of the world's population.
Superpower describes a state or supranational union that holds a dominant position characterized by the ability to exert influence or project power on a global scale. This is done through the combined means of economic, military, technological, political, and cultural strength as well as diplomatic and soft power influence. Traditionally, superpowers are preeminent among the great powers. While a great power state is capable of exerting its influence globally, superpowers are states so influential that no significant action can be taken by the global community without first considering the positions of the superpowers on the issue.
In international relations, regional power, since the late 20th century has been used for a sovereign state that exercises significant power within a given geographical region. States that wield unrivaled power and influence within a region of the world possess regional hegemony.
The economy of Africa consists of the trade, industry, agriculture, and human resources of the continent. As of 2019, approximately 1.3 billion people were living in 54 countries in Africa. Africa is a resource-rich continent. Recent growth has been due to growth in sales, commodities, services, and manufacturing. West Africa, East Africa, Central Africa and Southern Africa in particular, are expected to reach a combined GDP of $29 trillion by 2050.
The economy of Asia comprises about 4.7 billion people living in 50 different nations. Asia is the fastest growing economic region, as well as the largest continental economy by both GDP Nominal and PPP in the world. Moreover, Asia is the site of some of the world's longest modern economic booms.
BRIC is a term describing the foreign investment strategies grouping acronym that stands for Brazil, Russia, India, and China. The separate BRICS organisation would go on to become a political and economic organization largely based on such grouping.
The economy of India has transitioned from a mixed planned economy to a mixed middle-income developing social market economy with notable public sector in strategic sectors. It is the world's fifth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP); on a per capita income basis, India ranked 139th by GDP (nominal) and 127th by GDP (PPP). From independence in 1947 until 1991, successive governments followed Soviet model and promoted protectionist economic policies, with extensive Sovietization, state intervention, demand-side economics, natural resources, bureaucrat driven enterprises and economic regulation. This is characterised as dirigism, in the form of the Licence Raj. The end of the Cold War and an acute balance of payments crisis in 1991 led to the adoption of a broad economic liberalisation in India and indicative planning. Since the start of the 21st century, annual average GDP growth has been 6% to 7%. The economy of the Indian subcontinent was the largest in the world for most of recorded history up until the onset of colonialism in early 19th century.
India was one of the largest economies in the world, for about two and a half millennia starting around the end of 1st millennium BC and ending around the beginning of British rule in India.
The Asian Century is the projected 21st-century dominance of Asian politics and culture, assuming certain demographic and economic trends persist. The concept of Asian Century parallels the characterisation of the 19th century as Britain's Imperial Century, and the 20th century as the American Century.
The Great Divergence or European miracle is the socioeconomic shift in which the Western world overcame pre-modern growth constraints and emerged during the 19th century as the most powerful and wealthy world civilizations, eclipsing previously dominant or comparable civilizations from the Middle East and Asia such as the Ottoman Empire, Mughal India, Safavid Iran, Qing China, and Tokugawa Japan, among others.
The Chinese Century is a neologism suggesting that the 21st century may be geoeconomically or geopolitically dominated by the People's Republic of China, similar to how the "American Century" refers to the 20th century and the "British Centuries" to the 18th and 19th, same in the 17-18th centuries dominated by France and the 15-16th centuries dominated by Spain. The phrase is used particularly in association with the prediction that the economy of China may overtake the economy of the United States to be the largest in the world. A similar term is China's rise or rise of China.
Several commentators suggest that India has the potential to become a global superpower, a state with an extensive ability to exert influence or to project power in much of the world. Factors that contribute to a nation acquiring such clout can be economic, political, demographic, military, and cultural.
The role and scale of British imperial policy during the British Raj on India's relative decline in global GDP remains a topic of debate among economists, historians, and politicians. Some commentators argue the effect of British rule was negative, and that Britain engaged in a policy of deindustrialisation in India for the benefit of British exporters which left Indians relatively poorer than before British rule. Others argue that Britain's impact on India was either broadly neutral or positive, and that India's declining share of global GDP was due to other factors, such as new mass production technologies or internal ethnic conflict.
The economy of East Asia comprises 1.6 billion people living in six different countries and regions. The region includes several of the world's largest and most prosperous economies: Taiwan, Japan, South Korea, China, Hong Kong, and Macau. It is home to some of the most economically dynamic places in the world, being the site of some of the world's most extended modern economic booms, including the Taiwan miracle (1950–present) in Taiwan, Miracle on the Han River (1974–present) in South Korea, Japanese economic miracle (1950–1990) and the Chinese economic miracle (1983–2010) in China.
A potential superpower is a state or other polity that is speculated to be or have the potential to become a superpower, a state or supranational union that holds a dominant position characterized by the ability to exert influence or project power on a global scale through economic, military, technological, political, and/or cultural means.
The economic de-industrialisation of India refers a period of reduction in industrial based activities within the Indian economy from 1757 to 1947. The process of de-industrialisation is an economic change in which employment in the manufacturing sector declines due to various economic or political reasons. The decline in employment in manufacturing is also followed by the fall in the share of manufacturing value added in GDP. The process of de-industrialisation can be due to development and growth in the economy and it can also occur due to political factors.
The term foremost power has been used by political scientists and historians to describe the allegedly greatest power in the world, or in a given region, during a certain period of history. Multiple empires have been described as such, often for the same time period, resulting in a problematic assessment of the conflicting scholarly opinions and points of view on the matter. There is therefore a general lack of consensus between the various authors and scholars in reference to the nations and empires that were allegedly the world's most powerful at various points in history.
