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More than one-third of the world's population lives in just three countries: China, India and Indonesia.With all three undergoing significant political transitions – whether electing a new leader or experiencing a recently installed leader's first key decisions – this represents a decisive moment in shaping the global economy's future. If Narendra Modi and Joko "Jokowi" Widodo win the elections in India and Indonesia, respectively, they will join Chinese President Xi Jinping in spurring regional economic growth – likely causing Asia's rise to global economic preeminence to occur faster than the world ever imagined.In the year since Xi assumed the Chinese presidency, he has centralized power to a remarkable degree. Consolidating power in a country as large and messy as China is extremely difficult, making Xi's accomplishment remarkable, to say the least. Xi is now attempting to use this power to push through the difficult reforms that Hu and his prime minister, Wen Jiabao, have been widely criticized for neglecting.Xi has no intention of being the People's Republic's last president, and the Soviet Union's collapse in the wake of Gorbachev's political reforms taught him the importance of balancing change with stability.Like Xi and Modi, Jokowi is focused mainly on economic development.
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