As Morgan Stanley's chief Asia specialist, getting Asia right is Stephen Roach's personal obsession, and this in-depth compilation represents more than 70 of Roach's key research efforts not just on Asia, but also on how the region fits into the broad context of increasingly globalized financial markets. The book argues that the "Asia factor" is not a static concept, but rather one that is constantly changing and evolving. Broken down into five parts-Asia's critical role in globalization; the coming rebalancing of the Chinese economy; a new pan-regional framework for integration and competition; and a frank discussion of the biggest risk to this remarkable transformation-this book will help readers understand and profit from the world's most dynamic region.
Stephen S. Roach
Asien /Wirtschaft, Volkswirtschaft Business & Management Business & Management Special Topics Management Spezialthemen Wirtschaft u. Management Wirtschaft u. Management
"As Chairman of Morgan Stanley Asia and a renowned economist,Stephen Roach has a solid macroeconomics background, in-depthunderstanding of the region, rich knowledge of various industries,and an open mind. In this book, Steve vividly describes the changesof Asia -- and the driving forces behind thosechangesFurthermore, he brilliantly points out thechallenges Asia is facing, as well as its impacts on the globaleconomy. Asia is reshaping the global economy in this post-crisisworld, and I believe this book provides us with unique insights asto how this reshaping is playing out."
--Dr. Zhu Min, Group Executive Vice President, Bank ofChina
"Stephen Roach has for many years been a uniquely independentvoice among international economic commentators. He was one of thefew who warned that the debt-fuelled 'casino' economy wasunsustainable. His prophetic warnings came to pass in 2008. In hislatest book he issues another warning. Asia's explosive growth hasbeen based on a 'bet' upon deep integration with the globaleconomy. Stephen Roach argues that this growth is unsustainable inthe face of the global recession. The region needs comprehensivelyto re-balance its economic model if it is to maintain itsremarkable growth. He warns that this will not be easy. StephenRoach's book is essential reading for those who hold thecomfortable belief that Asia has 'de-coupled' from the worldeconomy."
--Prof Peter Nolan, CBE, Sinyi Professor, JudgeBusiness School, and Chair, Development Studies, University ofCambridge, UK
()