What of the future role of Asia in the flattening world? What are the implications of on going Asian urbanisation patterns on the future direction of capital flows and world real interest rates? Let me address some of these questions in a futuristic scenario.
Asian urban population is expected to double in the next 30 years; about 1.3 billion people, equivalent to about 60 per cent of total expected urban population growth in the world, and equivalent to the urban population growth in Asia that took place over the last 50 years, are likely to be added to urban areas in Asia during this period.