The shift from “Factory Asia” (as a manufacturing base) to “Consumer Asia” (as a consumption center) is expected to change the nature of the supply chain, stimulate new demand in Asia, and foster new industries. 3.
Realizing the Asian century: how to avoid the middle income trap  Looking ahead 30 to 40 years, we may well expect Asian economies to be even more prosperous. The Asian Development Bank, where I was President until this spring, published a report titled Asia 2050: Realizing the Asian Century in 2011.