Empty stomachs at Canberra's Asian banquet

Few analysts in Asia see the region's collective rise as inevitable or even probable. And underestimating labour, capital and political challenges will only lead to missed opportunities for Australia.

If advanced regional economies such as Japan, Singapore or South Korea released a white paper on positioning the country to take advantages of future opportunities in the region, it is highly unlikely that they would include the term ‘Asian Century’ in the title. Indeed, the term ‘Asian Century’ is used far more frequently in Australia than it is anywhere else throughout Asia.

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