Has Asia Lost It?: Dynamic Past, Turbulent Future (Shastry Vasuki (Chatham House Uk))(Paperback / softback)

''''Shastry''s polemic cites extensive research from experts and exploits the author''s knowledge of Asia and his connections to the region''s elite, with whom he rubs shoulders at Davos and other summits. What shows through in the book though is Shastry''s compassion for the continent''s ordinary people.''IMF F&D MagazineAsia has been the greatest show on earth since Japan''s rise from the ashes of World War II, accompanied in successive decades with the emergence of the Asian tigers, and eventually the two giants China and India. The Asian miracle has few precedents in the modern era, with billions lifted from poverty in a generation. The region''s openness to trade and investment aligned perfectly with the tailwinds of globalisation. However, in recent years Asia has become a victim of its own success with commentators not differentiating between a utopian high-income Asia and a dystopian middle- and low-income Asia, where a significant majority of the region''s population live. Asia today can be divided into countries which have a lot, have a little, and have none. The continent''s dream run is also coming to an end as Covid-19 exposes sharp weaknesses in state capacity and structural challenges like the U.S.-China trade war is putting globalisation into reverse gear, jeopardising the region''s hard-earned economic success. Asia''s growth-obsessed policymakers have also ignored social pressures from the impact of technology on jobs, rising inequality, fabulous wealth acc
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