The 20th century belonged to the US and is known as the “American Century”. The 21st century is projected to be the “Asian Century” as countries such as China and India rise as world’s leading powers although economically and not militarily. Already these two countries have joined the list of the world’s top 10 economies as shown in the chart below. In 1970, neither of them were in the list. Spain which used to be the world’s wealthiest country in the 16th century and Russia were replaced by China and India.

Click to enlarge

Source: One Easy Way to Invest in the “Asian Century” by Frank Holmes, US Funds