This study is aimed at senior policy makers, top business leaders and key opinion makers within Asia to help forge a consensus on a vision of and strategy for Asia’s potentially historic rise among the global community of nations between now and 2050. The study offers a long-term perspective of the Asia region as a whole. The report highlights significant risks that could lead to economic, social and even political instability and, in turn, derail economic development and growth.the study highlights new challenges that the current middle income economies—such as PRC, India, Indonesia, Thailand and Viet Nam—will have to overcome in the next 40 years.it outlines the prerequisites and strategy for Asia as a whole to continue its rapid development (e.g., need for a new pattern of growth; greater focus on inclusive growth and urbanization) while avoiding the Middle Income Trap.it examines the prospects and options for Asian regional cooperation and integration. it highlights the opportunities and obligations that would arise out of Asia’s rapidly expanding global presence.