Bringing together a range of South Asian perspectives on rising China in a comparative framework, an attempt has been made, for the first time, to identify and examine the political, economic and socio-cultural stakeholders and constituencies that influence the respective policy of individual South Asian countries towards China. The essays also project how their mutual relations are likely to be shaped by these. The book is especially relevant today owing to China’s growing weight in Asian and global affairs.

China's extraordinarily rapid economic growth since 1978, driven by market-oriented reforms, has set world records and continued unabated, despite predictions of an inevitable slowdown. In The State Strikes Back: The End of Economic Reform in China?, renowned China scholar Nicholas R. Lardy argues that China's future growth prospects could be equally bright but are shadowed by the specter of resurgent state dominance, which has begun to diminish the vital role of the market and private firms in China's economy. Lardy's book arrives in timely fashion as a sequel to his pathbreaking Markets over Mao: The Rise of Private Business in China, published by PIIE in 2014. This book mobilizes new data to trace how President Xi Jinping has consistently championed state-owned or controlled enterprises, encouraging local political leaders and financial institutions to prop up ailing, underperforming companies that are a drag on China's potential. As with his previous book, Lardy's perspective departs from conventional wisdom, especially in its contention that China could achieve a high growth rate for the next two decades—if it reverses course and returns to the path of market-oriented reforms.

Resurgent Asia analyses the phenomenal transformation of Asia, which would have been difficult to imagine, let alone predict, fifty years ago, when Gunnar Myrdal published Asian Drama. In doing so, it provides an analytical narrative of this remarkable story of economic development, situated in its wider context of historical, political, and social factors, and an economic analysis of the underlying factors, with a focus on critical issues in the process of, and outcomes in, development. In 1970, Asia was the poorest continent in the world, marginal except for its large population. By 2016, it accounted for three-tenths of world income, two-fifths of world manufacturing, and one-third of world trade, while its income per capita converged towards the world average. However, this transformation was associated with unequal outcomes across countries and between people. The analysis disaggregates Asia into its four constituent sub-regions--East, Southeast, South, and West--and further into fourteen economies--China, India, South Korea, Indonesia, Turkey, Taiwan, Thailand, Philippines, Malaysia, Singapore, Pakistan, Bangladesh, Vietnam, and Sri Lanka--which account for more than four-fifths of its population and income. This book enhances our understanding of development processes and outcomes in Asia over the past fifty years, draws out the analytical conclusions that contribute to contemporary debates on development, and highlights some lessons from the Asian experience for countries elsewhere. It is the first to examine the phenomenal changes that are transforming economies in Asia and shifting the balance of economic power in the world, while reflecting on the future prospects in Asia over the next twenty-five years. A rich, engaging, and fascinating read.

This landmark study provides an integrated analysis of China's unexpected economic boom of the past three decades. The authors combine deep China expertise with broad disciplinary knowledge to explain China's remarkable combination of high-speed growth and deeply flawed institutions. Their work exposes the mechanisms underpinning the origin and expansion of China's great boom. Penetrating studies track the rise of Chinese capabilities in manufacturing and in research and development. The editors probe both achievements and weaknesses across many sectors, including China's fiscal, legal, and financial institutions. The book shows how an intricate minuet combining China's political system with sectorial development, globalization, resource transfers across geographic and economic space, and partial system reform delivered an astonishing and unprecedented growth spurt.

Two leading experts on China evaluate its rise throughout the past one hundred fifty years, sharing portraits of key intellectual and political leaders to explain how China transformed from a country under foreign assault to a world giant.

"With the goal of understanding China's future in a changing international landscape, this book offers a new picture of China's rise since the Age of Exploration and its historical impact on the modern world. The establishment of the Great Ming dynasty in 1368 was a monumental event in world history. A century before Columbus, Beijing sent a series of diplomatic missions across the South China Sea and Indian Ocean that paved the way for China's first modern global era. In 1368, Ali Humayun Akhtar maps China's ascendance from the embassies of Admiral Zheng He to the arrival of European mariners and the shock of the Opium Wars. In Akhtar's new picture of world history, China's current rise evokes an earlier epoch, one that sheds light on where Beijing is heading today. Spectacular accounts in Persian and Ottoman Turkish describe palaces of silk and jade in Beijing's Forbidden City. Malay legends recount stories of Chinese princesses in Melaka with gifts of porcelain and gold. During Europe's Age of Exploration, Iberian mariners charted new passages to China that the Dutch and British East India Companies transformed into lucrative tea routes. Among the ships' passengers were Italian Jesuits, whose linguistic skills facilitated book projects with local mapmakers and botanists published in Amsterdam. But there was a shift during the British Industrial Revolution, one that pointed to Europe's high-tech future. Across the British Empire, the rise of steam engines and factories allowed the export of the very commodities once imported from China. By the end of the Opium Wars and the arrival of Commodore Perry in Japan, Chinese and Japanese reformers called for their own industrial revolutions, one that would accelerate in the twentieth century. What has the world learned from China since the Ming, and how did China reemerge in the 1970s as a manufacturing superpower? Akhtar's book provides much-needed context for understanding China's rise today and the future of its connections with the West and a resurgent Asia"--