Opinion: With Asia’s Rise, West Must Let Go of Eurocentrism

Almost 30 years ago the cold war came to its end. At the turn of the century we entered the Asian age, in which the rise of China is the most important development. Today we are clearly in the midst of a profound rearrangement of soft and hard power in the world. Significantly, with the creation of the Asian Infrastructure Investment Bank (AIIB) at the beginning of 2016, the last element of the post-World War II order, the dominance of the Bretton Woods institutions, the International Monetary Fund and the World Bank, has been removed.

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