Sweden, Dec. 1 -- It has been posited that in the 19th century, the world was Europeanized. In the 20th century, it was Americanized. Now, it is being Asianized. But is the story of the Asian success is as blossoming as it looks.

There are immense challenges across the contemporary world. Merkelisation has caused a social crisis in the European Union which has been exacerbated by BREXIT, and Francis Fukuyama, the noted author of The End of History expresses his fears for a US-China war.

From an underdeveloped country China has grown into America's foremost economic competitor. Since 1992, China's share of global GDP has grown from less than 1 percent to 16 percent whereas. During this period,

America's share of global GDP has slightly ...