Rethinking Asian Drama
read more
Citations
The rise of 'the rest' : Challenges to the west from late-industrializing economies.
Asian drama, an inquiry intó the poverty of nations
Cog in the wheel: Resource release and the scope of interdependencies in corporate adjustment activities
Asian Transformations: An Inquiry into the Development of Nations edited by Deepak Nayyar, Oxford, Oxford University Press, 2019, xxiv + 577 pp.Resurgent Asia: Diversity in Development by DeepakNayyar, Oxford, Oxford University Press, 2019, xx + 295 pp.
A macroeconomic perspective on Asian development
References
Can catch up reduce inequality
Socio-economic development in South Asia: The past 50 years
Asian development after the Asian Drama
Frequently Asked Questions (15)
Q2. What was the role of the government in the earlier stages of development?
In the earlier stages, it was about reconstructing initial conditions through the creation of physical infrastructure, the spread of education in society, and institutional reform, particularly in the agricultural sector.
Q3. What was the role of effective markets in the pursuit of development?
25 Ultimately, efficient markets needed effective governments, so that success in development was, in important part, attributable to the effectiveness of state interventions, which varied significantly across countries.
Q4. What is the role of the state in the pursuit of industrialization and development?
In the pursuit of industrialization and development, the role of governments in evolving policies, nurturing institutions, and making strategic interventions, whether as a catalyst or a leader, was central to the process everywhere.
Q5. What were the key factors in the success of Asian countries in development?
Asian countries that were success stories in development used heterodox or unorthodox polices for orthodox objectives, such as strategic trade, industrial, and technology policies in the pursuit of industrialization.
Q6. What was the role of education and health in the development of Asia?
The spread of education in society and the delivery of health services to people contributed directly to the wellbeing of people and were thus constitutive of development.
Q7. What was the impact of economic growth on living conditions of ordinary people?
Economic growth had a greater impact on living conditions of ordinary people where employment creation was rapid or where initial income distribution was less unequal.
Q8. What is the purpose of the study?
The object of the study is to analyse the development experience of Asia and its associated transformations over the past 50 years.
Q9. How did the population of Asia change in the last two decades?
In 1965, almost four-fifths of the total population of Asia lived in rural areas, whereas by 2016 this proportion was just over one-half, showing how rapid urbanization has been.
Q10. Why did rapid growth in Asia not reduce absolute poverty?
But sustained rapid growth in Asia did not reduce absolute poverty as much as it could have, in part because the initial income distribution was unequal and in part because of rising income inequality.
Q11. What was the role of education and health in the development of Asian economies?
But education and health were also drivers of economic growth in so far as they increased the productivity of the most abundant resource in Asian economies— labour—and were thus instrumental in development.
Q12. What was the main reason for the rapid growth in Asia?
All the same, it is clear that Asian development in this era was driven by economic growth based on high investment, savings rates, and rapid industrialization, often export-led, associated with structural change in the composition of output and employment, which reinforced the process.
Q13. How much did the ratio of Asia to GDP per capita in industrialized countries increase between 1970 and?
But the ratio of GDP per capita in Asia to GDP per capita in industrialized countries, in current prices at market exchange rates, increased far less from 1:20 in 1970 to 1:8 in 2016.
Q14. How did the share of Asia in world exports of manufactured goods double in just two decades?
The share of Asia in world exports of manufactured goods almost doubled in just two decades, from 21 per cent in 1995 to 39 per cent in 2016.
Q15. What was the impact of rapid economic growth on living conditions of ordinary people in Asia?
this rapid growth was not always transformed into meaningful development that improved the wellbeing of people, particularly in countries where employment creation was slow or where income inequality was high to start with.