Eminent economist and Chairman of the Centre for Policy Dialogue (CPD), Professor Rehman Sobhan, has remarked that the long-standing dominance of Western nations over the global economy is steadily diminishing, with Asia rapidly emerging as the new epicenter of world growth. Speaking on global trade dynamics, he highlighted how shifting economic power structures and enhanced production capabilities in Asian countries are reshaping the international order.

Professor Sobhan noted that the export capacity of Asian nations has expanded significantly over recent decades, substantially strengthening the region's overall economic self-reliance. As a result, the historic reliance on Western foreign aid, direct investment, and traditional financial institutions is rapidly declining, giving Asian economies greater autonomy and influence on global commerce.

He further emphasized that to fully capitalize on this structural shift, South Asian nations, including Bangladesh, must focus on bolstering regional integration and expanding intra-regional trade. He called upon policymakers to invest in industrial diversification, modern infrastructure, and strategic partnerships across Asia to ensure long-term sustainable development.