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New order: Africa and Asia unite

Sixty years ago leaders from 25 Asian and African countries, most of them newly independent, met in Bandung, the capital of Indonesia’s West Java province. The Non-Aligned Movement, a loose confederation of countries ostensibly on neither side during the Cold War, emerged from that meeting. Today delegates from more than 80 countries from the two continents, including 34 heads of state, will mark the conference’s diamond anniversary. In 1955 Asia and Africa accounted for less than one-quarter of global GDP; today their share is around two-fifths. Asian-African trade grew from $13.9 billion in 1990 to $276.6 billion in 2014, powered by some of the world’s fastest-growing national economies (Ethiopia topped the table in 2014, at 10.3%). And just as the conference 60 years ago produced a strong denunciation of colonialism, on Wednesday Indonesia’s president opened proceedings by calling for a “new international economic order…open to new emerging economic powers.”

Apr 24th 2015
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