Browse and Search



Chant Series

Asia Rising

Click to look inside Look inside

Asia Rising

Growth and Resilience in an Uncertain Global Economy

Hal Hill , Maria Socorro Gochoco-Bautista

Edited by Hal Hill, H.W. Arndt Professor of Southeast Asian Economies, Australian National University and Maria Socorro Gochoco-Bautista, Senior Economic Advisor, Asian Development Bank and on leave Professor of Economics, University of the Philippines

In Association with the Asian Development Bank
2013 448 pp Hardback 978 1 78100 797 6
ebook isbn 978 1 78100 798 3

Hardback £114.00 on-line price £102.60


Available as an eBook for subscribing libraries on Elgaronline.

For individuals at paper price on Google ebooks and

Other eBook partners.

‘This book provides a coherent and current account of how India, Indonesia, Malaysia, Thailand, the Philippines, and the People’s Republic of China coped with the Asian financial crisis of the 1990s and the recent global economic recession, and how they may address future challenges in maintaining growth in difficult times. It features a valuable overview of issues from a regional perspective, five chapters on general elements and obstacles in development, and individual chapters on the experience of each of the six countries. Every chapter is replete with relevant institutional and statistical data. The volume fills a void in the literature and is highly recommended for graduate students and for economists concerned with contemporary Asia.’
– Peter Drake, The University of New England and Australian Catholic University, Australia

Contributors: D.H. Brooks, S.Y. Chia, E.S. de Dios, D.A. Desierto, D.A. Desierto, G.M. Ducanes, K. Fukao, S.-i. Fukuda, E.C. Go, H. Hill, C.Y. Horioka, A. Kuncoro, B. Nidhiprabha, C. Rhee, M. Socorro Gochoco-Bautista, A. Terada-Hagiwara, R.R. Vaidya, T.S. Yean

Further information

The center of global economic activity is shifting rapidly towards Asia, driven by a combination of the economic dynamism of the People’s Republic of China, India, and other middle-income Asian countries, and sluggish growth in the OECD economies. The rapid growth and rising global prominence have raised a range of major challenges for Asia and for the rest of the world. This comprehensive, forward-looking book examines these issues through in-depth studies of major Asian economies and an analysis of the key development policy options.

The contributors, leading international authorities in their field, explore cross-cutting thematic issues with special reference to developing Asia. They address a broad range of subjects including: investment and productivity, savings and the savings–investment relationship, financial development, the provision of infrastructure, and governance and institutions. Detailed country studies focusing on the People’s Republic of China, India, Indonesia, Malaysia, the Philippines, and Thailand not only provide an analytical narrative for each case study, but also draw attention to the similarities and diversity within the region.

This challenging and thought-provoking book will prove an important point of reference for scholars, researchers, and students in the fields of economics, development economics, and Asian studies.

Full table of contents


Changyong Rhee


1. Perspectives and Issues
Hal Hill and Maria Socorro Gochoco-Bautista

2. Institutions and Governance
Emmanuel S. de Dios and Geoffrey M. Ducanes

3. Infrastructure
Douglas H. Brooks and Eugenia C. Go

4. Productivity and Capital Accumulation
Kyoji Fukao

5. Savings and Investment
Charles Yuji Horioka and Akiko Terada-Hagiwara

6. Finance
Shin-ichi Fukuda

7. Investment Treaties: ASEAN
Diane A. Desierto

8. Malaysia
Tham Siew Yean

9. Indonesia
Ari Kuncoro

10. India
Rajendra R. Vaidya

11. People’s Republic of China
Siow Yue Chia

12. Thailand
Bhanupong Nidhiprabha

13. Philippines
Desiree A. Desierto and Geoffrey M. Ducanes


Bottom border

1) Choose your area:

  Asian Development
2) Enter your email address:

For more specific areas:
Specific Areas
Bottom border
Bookmark and Share