First, by producing highly competitive goods and services, Asia has helped enlarge the range of goods available and enhance their quality. As a consequence, world over, billions of consumers, as a group, have benefited from the growth of Asia. This process helped central bankers, globally, in containing inflation and inflationary expectations.
In view of the vast reserves of labour force that will be available in Asia for several decades to come, and the strides made in the field of technology, many expect the process to continue, perhaps not necessarily with the same intensity.