Asia’s Turning Point provides a wealth of invaluable insights for anyone wishing to understand where Asia’s growth miracle has come from, and where it is going in the future. It deftly highlights both the opportunities and the pitfalls on the road ahead. The authors systematically examine all of the critical forces that are shaping the Asian business and economic environment including the economic and political role of the apparatus of the state, ownership and governance, the management of local Asian companies, and Asian-style labor relations. This book is a treasure trove of information for business people, policymakers, researchers or students alike.
Prof. Peter Williamson Professor of International Management University of Cambridge Judge Business School
Asia’s Turning Point is a landmark for scholars, researchers, and businessmen. It explains why the fastest growing area of the world is Asia and why it will continue to be in the future. A large market—from Mumbai to Sydney—is taking shape with a strong determination to grow and modernize. Tselichtchev and Debroux have put together an incredibly interesting book that brilliantly captures the essence of very complex diversified socio-economic realities.
Vittorio Volpi
Chairman, Parallels Consulting
Asia’s Turning Point is a very timely volume. A unique cluster of highly performing Asian economies has retained growth dynamics in spite of recent global financial turmoil. Its future prospects crucially depend on how we understand the three major aspects of the systemic transformation of major Asian countries: (1) the economic role and policies of the state, (2) ownership, governance, and management of companies, and (3) Asian style of labor relations.
A great deal of literature covers many aspects of Asian capitalism but what sets this book apart is that it deals not only with the NIEs and ASEAN 4 but also with the “Four Heroes” (in authors’ terms) of Vietnam, North Korea, Russian Far East, and India. This wide selection will provide a precious gift for researchers who are struggling to find a new worldwide perspective including genuine emerging economies.
Ken-ichi Imai
Senior Fellow Emeritus, Stanford University
Professor of Economics, Emeritus, Hitotsubashi University
Ivan Tselichtchev and Philippe Debroux provide a highly readable, up-to-date account of the economic development and outlook for East and Southeast Asia. Asia’s Turning Point is both broad and deep. It gives a comprehensive treatment on a region-wide basis to relevant issues such as the transformation of the Asian development model, Asian business corporations, and Asian business-labor relationships. The studies of individual key economies add depth. The volume will be valuable in classrooms and for policymakers. A tour de force, it fills a needed gap and comes at a time of history when it is even more critical to understand Asia’s growth trajectory.
Charles Morrison
President, East-West Center
University of Hawaii
