From a century of foreign imperialism and decades of tyrannical rule to the simple introduction of capitalism, the recent history of China is the best example of East Asian renaissance. East Asian Visions: Perspectives on Economic Development is a collection of essays by 17 eminent East Asians who represent a broad spectrum of backgrounds and experiences. All are senior policy makers, statesmen, or scholars who have either had to deal with or think through some of the most critical financial and developmental issues confronting their countries and the region. "This book explores the future of East Asia's middle-income countries. Without the advantages of low wages or high skills, and with limited natural resources, East Asian economies are following a new path of regional integration, led by China.
Investment banks declare that, after being eclipsed by China for a decade, the rest of developing Asia is poised to regain its place in the sun. It is wise to be wary when those caught napping once before sound east asian renaissance
all-clear. International investment east asian renaissance
kept the faith until much too late. Annual growth averaging 7 per cent since has restored nominal US dollar incomes at least to pre-crisis levels. Inward investment has picked up. Shattered banking systems have been rebuilt, balance sheets repaired and excess capacity trimmed, while bulging currency reserves have replaced ruinous reliance on short-term foreign borrowing.