ABSTRACT
The concept of Asian globalization represents an axial shift in the development of the modern world away from the Atlantic democracies and the dominance of Europe and America in the nineteenth and twentieth centuries to an Asian form of globalization in the twenty-first century, driven by China’s growth and regional dominance. This shift toward an Asian form of globalization also signals the beginning of an Asian-centric world order to a new financial architecture of the New Development Bank, the Asian Infrastructure Bank and the Asian Development Bank and a set of new institutions and strategic partnerships that will modify existing world institutions in the emerging Asian geography of world power. These massive changes are already reflected in international education with a decline in the relative dominance of Anglophone countries and the growth of new regional hubs in China and India. This chapter explores: (1) the first globalization through the Silk Road with the birth of merchant capitalism; (2) the Chinese Dream (in contrast to the American Dream) and the development of socialism with Chinese characteristics; (3) China’s Belt and Road Initiative; and (4) the concept of the ‘Asian century’ comprised as a set of trade relationships based on new trade agreements that promote greater regional economic integration.
