Asia's Rise in the 21st Century

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ABC-CLIO, Oct 31, 2011 - Business & Economics - 200 pages
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Asia's Rise in the 21st Century is a wake-up call to the West, offering a sophisticated assessment of a group of nations that are becoming essential markets for U.S. trade, industry, and finance, even as they increasingly represent fierce competition for global markets. The work traces changes that launched the region down the path to potential economic and political ascendancy, and it looks at various factors, from politics to economics to demographics that affect Asia now and will continue to do so in the future.

China's prominence is explored in the context of how it complements and competes with the rest of Asia, especially Japan and India, and how it interacts with other major emerging-market countries, such as Brazil, Russia, and Turkey. The book also looks at the challenge China's ascendancy poses to the assertion that a successful capitalist system must be accompanied by political democracy. Finally, the authors suggest ways in which Asia's rise can be accommodated in the West and elsewhere and offer thoughts on where Asia, and especially China, will be in 2030.

 

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Contents

Chapter 1 Introduction
1
Chapter 2 The Great Divergence
14
Chapter 3 The Rise of China
33
Chapter 4 Constructing the New Asian Economy
55
BRICs and Beyond
74
Chapter 6 The Major Economic Challenges
94
Chapter 7 Political Challenges in Asia
115
Chapter 8 The West and the Rise of Asia
134
Chapter 9 Conclusion
151
Notes
161
Bibliography
175
Index
189
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About the author (2011)

Scott B. MacDonald, PhD, is the head of credit and economics at Aladdin Capital Holdings, Stamford, CT, where he analyzes and helps make investment decisions for portfolios in excess of $1 billion in a number of Asian companies throughout Japan, Thailand, Indonesia, Vietnam, and Korea.

Jonathan Lemco, PhD, is principal and senior sovereign risk analyst at The Vanguard Group, one of the world's largest mutual fund companies, and has a long-standing involvement with the Asian region.