Meaning: The quote you provided is from the renowned political scientist and author Samuel Huntington. In this quote, Huntington is highlighting the shifting dynamics of global power and economic influence. He points out that the Western share of the gross world product, which refers to the total value of all goods and services produced globally, is declining as Asian societies, in particular, develop economically. This observation speaks to the broader phenomenon of the rise of Asia as a significant player in the global economy and the potential implications for the existing Western-dominated world order.

Huntington's assertion about the declining Western share of the gross world product reflects a broader trend that has been unfolding over the past few decades. The rapid economic growth and development of countries such as China, India, South Korea, and others in Asia have significantly contributed to the rebalancing of global economic power. These nations have emerged as major manufacturing hubs, technological innovators, and significant consumers of goods and services. As a result, their collective economic output has grown substantially, exerting a transformative impact on the global economic landscape.

The concept of "territorial control" mentioned in the quote alludes to the traditional notion of geopolitical dominance and influence. Historically, Western powers have exerted significant control over vast territories and resources, shaping the global economic and political order to a large extent. However, as the economic prowess of Asian societies has expanded, the traditional Western dominance in terms of territorial control has faced challenges. This shift has implications for global power dynamics, trade relationships, and geopolitical alignments.

Furthermore, the reference to "economic preeminence" underscores the significance of economic strength and influence in shaping global affairs. The Western world, particularly the United States and European nations, has long held economic preeminence, wielding substantial influence over international financial systems, trade agreements, and investment flows. The acknowledgment of its decline in the quote signifies a recognition of the changing economic realities and the emergence of new centers of economic gravity in the global arena.

Huntington's emphasis on "Asian societies in particular" is noteworthy as it underscores the specific focus on the rise of Asia as a pivotal force in the evolving global economic order. The economic transformation of countries in Asia has been characterized by rapid industrialization, technological advancement, and a burgeoning middle class. These factors have not only propelled the economic growth of the region but also positioned it as a key driver of global economic trends and developments.

Overall, the quote encapsulates a profound insight into the shifting dynamics of global economic power and the ascendance of Asian societies on the world stage. It serves as a reminder of the ongoing evolution of the global economic order and the need to recalibrate traditional perspectives on economic dominance and influence. As Asia's economic footprint continues to expand, its role in shaping the future trajectory of global economics and geopolitics is likely to become increasingly significant.

In conclusion, Samuel Huntington's observation about the declining Western share of the gross world product and the rise of Asian societies holds relevance in understanding the contemporary global economic landscape. It underscores the imperative to recognize and adapt to the transformative forces shaping the global economy, with Asia at the forefront of these changes. As the world continues to witness the rebalancing of economic power, acknowledging and understanding these shifts is essential for navigating the complexities of the interconnected global economy.