According to President of Kazakhstan Kassym-Jomart Tokayev, the global economy needs a new paradigm for future development amidst trade issues and slowed growth of the global GDP. He also noted that Asia’s share in the global GDP will increase this year to 60%. So far, the region accounts for 53% of the world’s GDP. As he highlighted during his speech in China at the Boao Forum for Asia, all these and other factors suggest that the Asian Renaissance is coming.
Tokayev blamed trade disputes and protectionism policies across the world for global supply chain disruption, a slowdown of global growth...