Renaissance of Asia: Evolving Economic Relations Between South Asia and East Asia

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We are familiar with Asia's re-emergence. A recent study by the Asian Development Bank, for example, notes that by 2050 Asia's per capita income would rise six-fold to reach Europe's levels today. Also by then Asia's share of global GDP would have doubled and Asia would have regained the dominant economic position it once held some 300 years ago before the industrial revolution. What is less well-known is that during the previous eras of globalization when Asia was prosperous, Asia was also regionally integrated and globally connected. During the roughly one and half century of colonial period, the 19th and the first half of the 20th centuries, Asia was divided and fragmented. This unique book argues that now led by the economic dynamism and re-encountering between China and India we are witnessing Asia's re-emergence and re-integration or the Renaissance of Asia. Asia's prosperity is rising. Also, as in the bygone eras, Asia's integration within itself and the global economy is intensifying, only it is now driven by market-oriented production networks and economic policies. Asia is starting to be re-centered as trade and investment relations between South Asia and East Asia surge. Asia's rise is a restoration of the past, not a revolution. This book is a must-read for anybody interested in the economic development of Asia.

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