Having spent the past 30 years living in Japan, Hong Kong and Thailand, I have seen huge changes in the economic space, it will be interesting to see what the next 30 years brings. Despite a massive poverty reduction by 1.1 billion people, 500 million Asians are still stuck in absolute poverty. To turn optimistic long-term forecasts into reality, Asian states will have to overcome the major challenges of mass poverty, jobless growth, rising inequality and the middle-income trap

"Japan was the only Asian country in the 19th century to have successfully followed the Euro-Atlantic path to an industrialized modern economy and Asia’s only major power in the first half of the 20th century. Regrettably, Japan also emulated European powers in their colonial aggression, over-estimated its military prowess and paid a heavy price with military defeat, atomic bombing and occupation. Subsequently, too, Japan still belonged to the Western group of wealthy nations after recovering and re-establishing itself as the world’s second-biggest economy."

Nice to know that Japan is not just a passive onlooker in the game of economic dominace China is forcing on the region.

The omission-based caveats notwithstanding, executives in Japan’s aid bureaucracy could benefit professionally from reading this book and absorbing its lessons for successful pathways to development.

Great

>"To turn optimistic long-term forecasts into reality, Asian states will have to overcome the major challenges of mass poverty, jobless growth, rising inequality and the middle-income trap."

>"To turn optimistic long-term forecasts into reality, Asian states will have to overcome the major challenges of mass poverty, jobless growth, rising inequality and the middle-income trap."

>"To turn optimistic long-term forecasts into reality, Asian states will have to overcome the major challenges of mass poverty, jobless growth, rising inequality and the middle-income trap."