The hostilities would end on September 5, 1905, with the complete defeat of the Russian Empire and peace mediated by then US President Theodore Roosevelt. Several historians around the world recognise this as the first major defeat of a European power by an Asian country in the modern age. This convenient signpost also serves as a metaphorical premonition of the decline of the West and the cultural and economic rise of the East over the 20th century.
At the time of the Russo-Japanese war, much of Asia was under the colonial sway of the European powers. Britain and France hungrily gobbled up large swathes of the Ottoman Empire at the end of the First World War in 1918. But over the next half-century, most of these countries would be roiled by the independence movements, often violent, pushing out the colonial powers. As early as 1924, German diplomat Karl Haushofer wrote about the "Pacific Age", which envisaged the growth of Japan, India, and China. After the meeting between Deng Xiaoping of China and then Indian Prime Minister Rajiv Gandhi in 1988, the 21st century came to be referred to as the "Asian Century" in the media.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Moratorium reduced for health policy but full disclosure crucial
Use 30-day free-look period mandated by Irdai master circular to assess the policy's coverage
Indian GCCs: Captives to e-twins
Global capability centres (GCCs) in India have come a long way from the early 1990s when they were referred to as 'captives' of their global headquarters (HQs) to today, when they are emerging as the 'digital twins\" of their HQs, replicating the work done at their parent organisations and adding more value than ever before.
MONETISING 5G
Is fixed wireless access the answer to the monetisation prayers of Reliance Jio and Airtel?
Politics, exit polls, market and retail investors
Are retail investors reading the market better than institutional investors? Are they getting smarter?
Smart meters power change in business
Devices help electricity firms in preventing leakages and improving revenue by providing real-time data
Pharma companies up their dose of tech
Industry is using AI and digital tools to improve processes and help patients
Flooded with data? Insights industry will help you now
Anticipating change is a strong weapon in an uncertain world.
CHAOS CASHOUT: RETAIL INVESTORS SPIN TO WIN... ...AS THEY RIDE THE ELECTION CAROUSEL TO RICHES
Market crash? No problem. Retail investors snap up shares worth nearly $21,200 cr
Hero MotoCorp's growth mileage: Rural recovery to power market share ride
To fuel its engine with rural focus, electric innovation, new product cycle
Sebi signals change with tougher F&O stock rules
New framework may displace low-turnover stocks, introduce market heavyweights