Description
Book SynopsisA recent study by the Asian Development Bank notes that by 2050, Asia's per capita income would rise six-fold to reach Europe's levels today, one of many indications of Asia's “re-emergence”. By then, Asia's share of global GDP would have doubled and it would have regained the dominant economic position it once held some 300 years ago before the industrial revolution.What is less well-known is that during the previous eras of globalization, Asia was also regionally integrated and globally connected. During the 19th and the first half of the 20th centuries, Asia was divided and fragmented.This unique book argues that, led by the economic dynamism and “re-encountering” between China and India, we are witnessing the “Renaissance of Asia”. As in the bygone eras, Asia is integrating within itself and the global economy is intensifying, now driven by market-oriented production networks and economic policies. Asia is starting to be “re-centered” as trade and investment relations between South Asia and East Asia surge. Asia's rise is a restoration of the past, not a revolution. This book is a must-read for anyone interested in the economic development of Asia.
Table of ContentsIntroduction and Overview (Pradumna B Rana); Regional Economic Integration: Historical and Contemporary Perspectives (Pradumna B Rana); Restoring the Links: Historical Perspectives on South Asia - East Asia Relations (Ellen L Frost); Linkages between East and South Asia: The Contemporary Trade Perspective (Robert Scollay); Horizontal Asia (Anthony Bubalo & Malcolm Cook); India, SAARC, and Pan-Asian Integration (G Wignaraja); Transport and Trade Facilitation for South Asia - East Asia Trade (Douglas Brooks & Barbara Dizon); Connecting South and East Asia for Pan-Asian Integration: Prospects and Challenges (Biswa Nath Bhattacharyay); Economic Policy Reforms and Long-term Outlook for South Asia (Pradumna B Rana); Pan-Asian Economic Integration: Country Perspectives from the Japanese Manufacturing Industries (Masaaki Amma); Singapore's Direct Investment Link with Sri Lanka: Past Experience and Future Prospects (Tilak Abeysinghe et al.); Trade Links between China, India, and Singapore (Shandre Thangavelu).
