This expert analysis looks at what the increasing economic and political prominence of China and other Asian nations means to the West and the rest of the world.
The fact that the relationship between Asia and the West is at the cutting edge of global economics was underscored by the recession of 2008-09 and China's highly visible role in finding a path to recovery. Countries like India, Indonesia, and Korea are also demanding and realizing a greater say in international policymaking, a change reflected by the shift from G-7 summits to the current G-20 to encompass these nations and other like them.
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.
• Explores what Asia's rise actually means to the West and to other emerging economies
• Assesses the economic challenges to Asia's rise in terms of energy and financial management
• Analyzes the political challenges facing Asia and how they affect the economic policymaking environment and the conduct of business
• Looks at the impact of demographic trends on Asia's rise, specifically on the rise of the middle class and on consumer trends