Economic Growth as "the Workshop of the World" Economic Globalization Let me review the historic transition of "the workshop of the world" in the waves of  1  See World Bank (2013), China 2030: Building a Modern, Harmonious, and Creative Society, Washington, DC: World Bank. 2  economic globalization to see the current standpoint of Asia.
The term "the workshop of the world" was originally used to refer to the United Kingdom in the 19th century, which had overwhelmed the world with its industrial power. Then, at the beginning of the 20th century, people began to call the United States "the workshop of the world," rather than the United Kingdom.