The major driver is continued productivity growth in Asia, particularly in China and India, as living standards rise. Even without completely converging with European or North American living standards, Asia's might produce half of global GDP by 2050. This is a large shift compared to the immediate post-cold war, when North America and Europe combined produced half of global GDP.[1] A 2011 study by the Asian Development Bank stated that: "By nearly doubling its share of global gross domestic product (GDP) to 52 percent by 2050, Asia would regain the dominant economic position it held some 300 years ago, before the industrial revolution.[20]