Today it has become commonplace to speak of India and China in the same breadth as two emerging great powers challenging the two-century-old Western domination of the world.

How justifiable is the hype on their rise? The future will not belong to China and India merely because they have a huge landmass and together make up more than a third of humanity. Being large in size and population is not necessarily an asset.

In history, small, strategically geared states have wielded global power. The colonial powers that emerged in the 18th and 19th centuries were led by small Britain and included tiny Portugal and the Netherlands.