HP Innovation Journal Issue 12: Summer 2019 | Page 31

ASIA’S GDP HISTORY:
BACK TO THE FUTURE
Asia is returning to the patterns of
commerce and cultural exchange
that thrived long before European
colonialism and American
predominance.
By nearly doubling its share of
global gross domestic product
(GDP) to 52% by 2050, Asia would
regain the dominant economic
position it held some 300 years ago,
before the industrial revolution.
ASIA'S SHARE OF GLOBAL GDP, 1700–2050
70%
60%
50%
40%
30%
20%
10%
0%
1700
1870
1950
1980
2010
2030
2050
Source: Asian Development Bank 2019 “Asia 2050” report
29