Book Description

A Great Burst Of Globalization brought the 20th century to a close, creating upheaval in the world economy from roughly 1995 to 2008. And now, with the new century barely commenced, a second upheaval is in the offing following the severe financial crisis that plunged the global economy into recession in 2008-09. The first upheaval witnessed a massive migration of manufacturing and certain business services that transformed Asia into the industrial heartland of the world. The second upheaval will likely consolidate Asia's industrial preeminence and could result in a concentraion of industrial activities in the two most populous and fastest-growing Asian economies---China and India. As the two Asian giants become the industrial equals of the United States, Germany, and Japan, the ramifications will affect trade and growth worldwide, the future of development in China and India, and industrialization throughout Asia. Changing the Industrial Geography in Asia: The Impact of China and India examines these developments, focusing specifically on China and India. Its analysis and conclusions will be of particular interest to policy makers and academics, as well as anyone with an interest in how China and India are likely to reshape industry throughout Asia. "Changing the Industrial Geography inAsia is rich in detailed analysis of the continuing transformation of the manufacturing sector in Asia, both in terms of its moving geography and its composition. For those intrested in understanding the prospects of post-financial crisis Asia, this book is a must read. It is a refreshing return to economic fundamentals, including the new problems of climate change and dwindling energy resources, and will remain the leading reference on Asian transformaton for a long time to come." "The authors consolidate a remarkable amount of data and analysis on the on the industrial structure of Asia and its emergence as theindustrial center of the global economy."