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15 Most Powerful Countries in Asia in 2023

Habib Ur Rehman
9 min read

In This Article:

In this article, we take a look at the 15 most powerful countries in Asia in 2023. For more Asian countries, go to the 5 Most Powerful Countries in Asia in 2023.

The 21st century is frequently referred to as the Asian century. According to McKinsey, Asia could be responsible for more than 50% of the global GDP by near the middle of the 21st century.

Asia has emerged as a significant global power in the modern day, with its economic, political, and cultural influence felt around the world. As the world's largest continent, home to over 60% of the world's population, and some of the fastest-growing economies, Asia is poised to play an increasingly significant role in shaping the future of the world.

One of the most significant ways in which Asia is defining the 21st century is through its economic power. The region has experienced unprecedented economic growth in recent decades, driven by countries such as China, India, Japan, and South Korea.

In many ways, Asia has become the manufacturing hub of the world, since countries like China, Vietnam, Taiwan have some of the biggest share in the global manufacturing output. In the manufacturing sector, Asia’s greatest competitive edge is in the semiconductors’ industry, with the region accounting for 75% of the world’s chip manufacturing industries. 

Taiwan’s TSMC alone dominates the global foundry industry, with a market share of 60% as of the last quarter of 2022, making Asia central at the world stage. 

In terms of military strength, Asia is home to four of the top five most powerful militaries in the world, with three of them being nuclear powers. In addition, two of the five permanent members of the UN security council with veto power are also Asian, concentrating significant political power on the continent. 

Asia is also culturally strong, and is home to many of the globally popular cuisines, arts and philosophies. China is known for Confucianism and Taoism, two of the widely regarded ancient philosophies in the world.

The Chinese cuisine, with dishes like Manchurian and Chow Mein, is also found on the menus of restaurants all around the world. India, like China, also boasts significant soft power around the world through its globally popular bollywood cinema, ancient philosophies like Buddhism and Indian cuisine.

Asian Corporate Power

Asian companies are adding an average of $19 trillion in the global economy each year. Prominent of these companies include Alibaba Group Holding Limited (NYSE:BABA), Toyota Motor Corporation (NYSE:TM) and Baidu, Inc. (NASDAQ:BIDU). 

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