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In March 2005, the Asia Society held an all day conference to explore India’s emerging role as a prominent international power.
The performance of the Indian economy in 2004-05 so far has exceeded expectations formed at the beginning of the year. Buoyed by a rebound in the agricultural and allied sector, and strongly helped by improved performance in industry and services, the economy had registered a growth rate of 8.5 per cent in 2003-04, the highest ever except in 1975-76 and 1988-89.
Given new developments and challenges arising in the 21st Century, the Leaders of ASEAN and India resolved to further advance their cooperation to a new height to address common challenges confronting the region and the world.
Superpower, a state of the first rank in the international system, with interests and capabilities of global extent. The term is a relatively new one, coined in a book entitled The Superpowers, written by the American W. T. R. Fox in 1943. By this word Fox identified a new category of power able to occupy the highest status in a world [snip]
a. Being at or near the peak or culminating stage
Used to form the superlative degree of adjectives and adverbs: greatest; earliest
su·per·la·tive ( P ) Pronunciation Key (s-pûrl-tv)
1. Of the highest order, quality, or degree; surpassing or superior to all others.
originally posted by The Vagabond
In addition to the challenge to the existence of superpowers which is presented by the growth of multiple interdependent economic and military powers, there is a second, more speculative means by which superpowers may b even more permanently proscribed.
Although India is still home to a large share of the world’s poor, the share of the population in poverty is declining, and a significant, relatively affluent, middle class has emerged.
The Vagabond described that the term ‘super power’ is a misused term, fraught with inadequacy due to the subjective and relative nature of the reality
they see America declining and an evolution toward a multipolar world, as the quantitative power gap between the United States and other major powers closes rapidly between 2000 and 2020. Additionally, they avoid describing the rise of China to superpower status. (snip) The publications of both institutes agree that China will, at most, become merely one pole among five equals
The big assumption underlying all of these projections is that the BRICs maintain growth-supportive policy settings
Overall, growth for the BRICs is likely to slow significantly over this time frame. (snip)
The BRIC's real exchange rates could appreciate by up to 300% over the next 50 years
(snip)about 1/3 of the rise in US dollar GDP from the BRICs may come from rising currencies(snip)
As developing countries grow, they have the potential to post higher growth rates (snip) This potential comes from two sources. The first is that they have less capital per worker (snip) they are farther from their 'steady states'.