Asia Rising

Growth and Resilience in an Uncertain Global Economy

Edited by Hal Hill, H.W. Arndt Professor of Southeast Asian Economies, Australian National University and Maria Socorro Gochoco-Bautista, Senior Economic Advisor, Asian Development Bank and on leave Professor of Economics, University of the Philippines

The centre of global economic activity is shifting rapidly towards Asia, driven by a combination of the economic dynamism of China, India and other middle-income Asian countries, and sluggish growth in the OECD economies. The rapid growth and rising global prominence has raised a range of major challenges for Asia and for the rest of the world. This comprehensive, forward-looking book examines these issues through in-depth studies of major Asian economies and an analysis of the key development policy options.

‘This book provides a coherent and current account of how India, Indonesia, Malaysia, Thailand, the Philippines, and the People’s Republic of China coped with the Asian financial crisis of the 1990s and the recent global economic recession, and how they may address future challenges in maintaining growth in difficult times. It features a valuable overview of issues from a regional perspective, five chapters on general elements and obstacles in development, and individual chapters on the experience of each of the six countries. Every chapter is replete with relevant institutional and statistical data. The volume fills a void in the literature and is highly recommended for graduate students and for economists concerned with contemporary Asia.’
– Peter Drake, The University of New England and Australian Catholic University, Australia

‘To understand what makes Asia tick in the face of continuing global uncertainty and instability one has to go beyond numbers into the region’s psyche and idiosyncrasies. This volume provides an interestingly intrusive and refreshingly insightful analysis of a highly complex phenomenon that defies generalizations as shown by the diversity of individual country experiences.’
——穆罕默德公司,国际教育中心n in Islamic Finance (INCEIF), Malaysia