A 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.
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