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Advertisement With a major new trade deal, favorable demographics and relative success managing the pandemic, Asia is fast assuming global leadership. Has the “Asian Century” just begun? March 05, 2021 The moment when global leadership passes from one place to another often becomes clear only in hindsight. Did the US become preeminent in 1917 when it entered World War I? Or during the roaring 1920s, when its exports (including Hollywood’s) led the world and one in five Americans became rich enough to buy a car? In reality, the transition of economic, political and cultural power is incremental. Pinpointing the shift in power from the US to Asia is no easier. Some claim it has already happened, highlighting the great financial crisis that left Asia relatively unscathed and positioned China as the savior of the global economy, boosting its prosperity and standing. Others point to former US President Donald Trump’s abandonment of the post-World War II rules-based order or hi

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