How will a rising Asia lead the way?
Mindy Tan
Singapore
ONLY 18 per cent of today's goods trade involves exports from low-wage, traditionally Asian countries, into high-wage countries. This figure is not only far smaller than most people assume, but it is declining across many industries.
The question is no longer how quickly Asia will rise, but how Asia will lead, says Oliver Tonby, chairman of McKinsey & Company Asia and one of the authors for the report, "Asia's future is now".
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