"The most dynamic economies are in Asia," which differs from the 1940s when the U.S. accounted for half the world's GNP, says former Singaporean diplomat Kishore Mahbubani, calling on the West to "make way for" Asia by giving them more governance rights in the IMF and the World Bank.

(If you want to contribute and have specific expertise, please contact us at opinions@cgtn.com. Follow @thouse_opinions on Twitter to discover the latest commentaries in the CGTN Opinion Section.)