In this post I am going to share a different way of looking at the transition of world power and influence in the World with the passage of time. We all know that –
Goddess Durga is a symbol of Power
Goddess Lakshmi symbolises Wealth
Goddess Saraswati represents Knowledge
If we look back on the last few centuries, you will notice the following –
From approximately 16th Century to some part of the 19th Century the European countries like Britain and France had sent their armies across the length and breadth of the world and had colonized a large number of countries. You can see the spread of the British and French empire from the visual below. These European countries would approach the other countries on the pretext of trade and later overpower them and make the host country their colony. That was the era of power : Durga. Focus was on : Land | Agriculture | Materials
After the World War 1 and until recently the world witnessed the dominance of USA as country and the influence of its dollar across the globe. Both in the World War 1 and World War 2 the US entered late into the war. Also the US was the main supplier of weapons and other goods to the Allies during both the wars. Most countries paid in gold making the U.S. the owner of the majority of the world’s gold by the end of the war. And depleted reserves of the other countries forced them to abandon the Gold standard for their currencies and instead adopt US Dollar as the new benchmark for regulating their currencies. this was known as The Bretton Woods Agreement. Thus, the U.S dollar was officially crowned as the world’s reserve currency. This was the era of wealth : Lakshmi. Focus was on : Money | Manufacturing | Industrialisation
After the era of dominance of power and wealth we are now transitioning to the era of the Knowledge Economy. The knowledge economy is based on the four pillars: education, innovation, information and communication technologies. It asserts that sustained investments on these pillars, will lead to sustained economic growth. With intellectual property fuelling the knowledge economy, the Asian countries have made huge strides in pharmaceuticals, health biotech, new materials, telecommunications, information technology, software, medical equipment and avionics. China has been the most prominent of the countries who are trying to capitalize on the knowledge economy in the last three decades and in the recent years India too is making good progress.
Starting from the last few decades, we are witnessing the Global power center shifting to the Asian countries which are high on creativity and innovation. And this is expected to continue for many more decades to come. This is the era of Knowledge : Saraswati. Focus is on : Creativity | Knowledge | Innovation.