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Asia 2050: Realizing the Asian Century

Price : $129.75
ISBN # : 9788132107569
Author : Harinder S Kohli
pages: 412
Edition : Hardcover
Volumes : 1
Publisher : Sage Publications Pvt. Ltd
Published : 2011

Asia is in the midst of a truly historic transformation. If it continues to grow on its recent trajectory, it could, by 2050, account for more than half of global GDP, trade and investment, and enjoy widespread affluence. Its per capita income could rise sixfold. It thus holds the promise of making some 4 billion Asians, hitherto commonly associated with poverty and deprivation, affluent by today s standards.

This study, Asia 2050: Realizing the Asian Century, is aimed at key opinion makers to foster debate on a vision of and strategy for Asia s potentially historic rise among the global community of nations between now and 2050. It offers a long-term perspective of the Asia region as a whole as opposed to the more common approach that delivers a short- to medium-term perspective of selected countries, subregions or issues.

Table of Contents:

Foreword Executive Summary Introduction I: MAKINGS OF THE ASIAN CENTURY Asia in the Global Economy in 1700 2010: Setting the Scene Asia in the Global Economy in 2011 2050: The Main Drivers of the Asian Century Asia in the Global Economy in 2050: The Asian Century Realizing the Asian Century: Mega-challenges and Risks II: REALIZING THE ASIAN CENTURY Realizing the Asian Century: A Strategic Framework Growth and Inclusion Driving Productivity and Growth A New Approach to Urbanization Transforming Finance Reducing Energy Intensity and Ensuring Energy Security Action on Climate Change in Asia s Self-Interest Transforming Governance and Institutions Regional Cooperation and Integration Realizing the Asian Century: Asia s Role in the World Conclusion: Cost of Missing the Asian Century Appendix 1. Demographic Changes in Asia s Regions by 2050 Appendix 2. Model for Developing Global Growth Scenarios Appendix 3. Asia s Technology Landscape Appendix 4. Driving Productivity and Growth Appendix 5. A New Approach to Urbanization References Index

Review 1: With more weight of the global economy shifting to Asia and the region's rising global footprint, Asia's economies must take on new obligations as responsible global citizens. As this book points out, it is in Asia's self interest to preserve the Global Commons and, particularly, to take urgent action to mitigate climate change.

Horst Koehler

Former President of the Federal Republic of Germany

Asia 2050 presents a bold and enticing vision for the people of Asia-a vision that is achievable through determined action by Asia's leaders on the national front, in promoting cooperation across the region, and in taking ownership of the global agenda. It is a remarkably balanced discussion of the challenges and the opportunities that lie ahead.

Hiroshi Watanabe

President and CEO, Japan Bank for International Cooperation

Achieving potentially historic transformation in a region that encompasses half the humanity will be of immense interest to political, economic and business leaders around the globe. The book presents a compelling agenda for unlocking Asia's undeniable potential.

Christine Lagarde

Former Minister for Economy, Finance and Industry, France;

and incoming Managing Director, IMF

This book suggests that Asia can aim at achieving today's European levels of prosperity in four decades. But it also warns that we could miss the objective if Asia's emerging economies get caught in the middle income trap. Asian policy makers are well advised to ponder this challenge. Asia 2050 will help them do so.

Montek Singh Ahluwalia

Deputy Chairman, Planning Commission, India

Asia's rise to preeminence makes a fascinating story. The book is a timely reminder that sustained growth will require countries to harness the full potential of technological change, innovation and entrepreneurship. Otherwise, countries could find themselves in a middle income trap where productivity and growth could stagnate for extended periods. The book identifies a wide range of wise and pragmatic policy and institutional interventions that must be made early on to avoid the middle income trap.

Yoon Jeung-hyun

Minister of Strategy and Finance, Republic of Korea

This book lays out a bold and ambitious agenda-national, regional and global-to lift an additional 3 billion Asians to affluence by 2050. As a long-standing friend of the region, I wish Asia's leaders great success in realizing this goal of the Asian Century. The book also highlights the critical role that Asia must play in global governance-as amply demonstrated by the ongoing discussions of the reform of the international monetary system.

Source: Michel Camdessus

Chairman, Emerging Markets Forum and Former Managing Director, IMF

Review 2: The book persuasively articulates the agenda to put Asia on a longer-term sustained growth trajectory. The book is being released at a time when Asia's economic resilience is attracting global attention. In the wake of recent global crisis, Asia has demonstrated the strength of their economies and heightened the aspirations of the Asians. This context makes the book a must read for economic and political leaders interested in long-term social and economic development of Asia.

Source: Abul Maal Abdul Muhith

This book was added to South Asia bookstore on Wednesday 26 October, 2011.

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