Yes, a multi-polar world economy is most awaited agenda. However, the past portfolio of the developed countries remaining as it was. A social mobility towards higher echelon is the most expected opportunity for a country in transition. The probability function is no more evident in such matters. Past is the prediction for the future. Our past yielded only bi-polar world economy and still some of the countries have such hangovers. Though prosperity of the Asian countries is prospering, but the results are yet to come in. Conflicts are growing with the economy and an effective regional institution is not yet emerging though there are several in existence. Informal economy in the Indian continent is prevailing over formal. Thus, a more predictable environment is expected in the future before reaping the fruit.
PAUDYAL, Dhruba P.