Rivals: how the power struggle between China, India and Japan will shape our next decade

For the first time in Asia there are three powerful states – China, India and Japan – at the same time. 'Rivals' by Bill Emmott examines the increasing tensions between the countries.

"Asia is going to carry on getting richer and stronger, probably for a long time to come," says Bill Emmott, a former editor of The Economist. Both India and China may treble their economic output by 2025. Indeed, by the late 2020s, China could overtake America as the world's largest economy, while India, contrary to popular belief, is no longer simply "the world's back office".

These days, India's economic structure is beginning to resemble earlier developers, such as Japan, South Korea and China. Private investment has soared across the board and manufacturing is now growing faster than services, as the emergence of the Tata Nano, the world's cheapest car, highlights. Japan is beset by an ageing population and political paralysis, but this is "unlikely to be permanent". Huge public debts and competition from China are liable to engender further reforms and higher productivity. Japan's next ten years will not be as dismal as the last.

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