Economic Affairs: The uncertain road to a multipolar Asia

While the forces driving this trend look potent, economic reality is subject to known risks, hidden realities and unknown unknowns

After the Soviet Union imploded in the early 1990s, the United States became the sole superpower, elevated to the status of a "hyperpower".

But then came China, which after decades of torrid economic growth has become the second-largest economy in the world, on track to overtake the US by 2030 by some estimates, and is already a formidable technological power.

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A version of this article appeared in the print edition of The Straits Times on May 01, 2019, with the headline 'The uncertain road to a multipolar Asia'. Print Edition | Subscribe