![]() What Works In Asian ScenariosAvinash Godbole THE GLOBAL RISE OF ASIAN TRANSFORMATION: TRENDS AND DEVELOPMENTS IN ECONOMIC GROWTH DYNAMICS Edited by Pongsak Hoontrakul , Christopher Balding and Reena Marwah Palgrave Macmillan, New Delhi, 2015, pp. xxii 272, $115.00 VOLUME XXXIX NUMBER 10 October 2015 Asian economic transformation
has been
underway despite
the hiccups of the 2008
crisis that nearly brought
the world economy to a
standstill. Asia, at least that
part of Asia spanning from
India to Japan, now has dynamic
leaders in Xi Jinping,
Shinzo Abe and Narendra
Modi, who are highly nationalist
on one hand but
also fairly pragmatic as seen
in the last couple of years.
China, as the biggest rising
power in the region, has
also undertaken initiatives
like the One Belt One
Road (OBOR) and the
Asian Infrastructure Investment
Bank (AIIB) that promise to transform the structure and the
nature of intra-Asian business, networks, communication and connectivity.
Leading into these times, The Global Rise of Asian Transformation:
Trends and Developments in Economic Growth Dynamics, presents
a well rounded backgrounder to what works and what does not
in Asian political and economic scenarios. As detailed in the preface,
the audience that the book seeks to address is middle-level managers
and MBA students who seek careers in Asia. However, it is a good
read for the students of political science and international relations
as well, since its thrust is on the drivers and processes of change in
Asia. What this book does it to identify the areas where the future of
growth in Asia is and it also backs up its claim with more than
adequate amount of statistics and charts. However, the study is largely
limited to the Asian geographic area between and including India
and China and how the ASEAN members relate to these two Asian
powers.
Pongsak Hoontrakul, who is either sole or joint author of all but
one chapter in this book, identifies the five megatrends around which
Asian economic future hinges. These include, i) life after quantitative
easing, ii) new technologies (including ICT revolution), iii) individual
empowerment and growing demands, iv) Asia’s internationalization,
and v) changing demographic patterns (p. 1). It also looks
at five game changers that will impact productivity in the years to
come. These include, 1) rising pressures on ruling systems, 2) the
energy landscape reshaped by the shale gas revolution 3) the transformation
of global trade and financial flows, 4) infrastructure connectivity,
and 5)talent, human capital and the middle income trap
(p. 2). It has to be said that the book does adequate justice to these drivers. The drivers like rising middle class
aspirations, increased as well as innovative
use of ICT, as well as changing nature of ... Table of Contents >> |