Five reasons why the 21st century is the century of Eurasia
Let's take a look at the reasons for Eurasia's success! Education, innovation, digitalisation, sustainability and the development of regional cooperation all contribute to making the supercontinent the winner of the future.
Five reasons why the 21st century is the century of Eurasia
2T2C: Talent, Technology, Capital, Cognition

Five reasons why the 21st century is the century of Eurasia

Photo: iStock
Eurasia 15/02/2023 05:00

Let's take a look at the reasons for Eurasia's success! Education, innovation, digitalisation, sustainability and the development of regional cooperation all contribute to making the supercontinent the winner of the future.

  1. Long-term sustainable growth has become a priority also for Asian countries.
    Major Asian economies have not only set the target dates for carbon neutrality, but have also launched government programmes on an unprecedented scale to build a green and circular economy. Just think of Korea’s New Deal, Singapore’s Green Plan or China’s 14th Five Year Plan.

 

  1. Asian countries are now world leaders in technological development and digitalisation.
    Asian tech powers now have an exponentially growing innovation capacity of their own. Five of the top 15 in last year’s World Intellectual Property Organization (WIPO) innovation ranking are from Asia. South Korea came 5th, Singapore 8th, Mainland China 12th, Japan 13th and Hong Kong 14th.

    The world’s press is abuzz with the scientific achievements of Chinese space missions, supercomputers, the artificial sun and moon, or even Singaporean scientists.
Photo: iStock
  1. The central bank digital currency could become the basis for the operation of Eurasian networks.
    Eurasian countries from Sweden to China, from the United Arab Emirates to Thailand are taking the biggest share of the central bank digital currency (CBDC) revolution.

 

  1. The importance of regional cooperation formations is gradually increasing in the region.
    Eurasia has become a key arena for multilateral organisations and cooperation, laying the foundations for the multipolar world order of today and tomorrow.

    A key force shaping the Eurasian bloc is the Belt and Road initiative, which now consists not only of roads and railways, but increasingly of digital networks and green economy, technology and education cooperation.
Photo: iStock
  1. Asian higher education institutions are catching up with the world’s best.
    Without the cooperation of Eastern and Western universities and talent, it is now almost inconceivable to create scientific excellence, or even a model for long-term sustainable growth.

    The quality of higher education in Asia has improved dramatically over the past decade: while in 2010, 15 Asian institutions were ranked in the top 100 of the world’s leading university rankings (QS World University Rankings), by 2022 this number almost have doubled (26).

This article was originally published in our Hungarian-language magazine Eurázsia in 2022.

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