VIDEO: Ideas@IDRC: Simon Tay
Mr. Tay uses Asia as an example to explore the misguided strategy of measuring development by economic growth. Produced during the Development Ideas authors’ workshop 2012. ©IDRC/CRDI.

— Abstract

The idea of an Asian model for development grew with the rise of the “tiger” economies of Hong Kong, Singapore, South Korea, and Taiwan, dubbed “the East Asian Miracle” by the World Bank. This model came under stress in the regional crisis of 1997, but the idea of Asia’s rise has resumed given the region’s rapid recovery and the persistence of Asian growth rates despite the 2008 global crisis. Yet the idea that Asia might serve as a blueprint for development is still contested, and there are questions about future sustainability. With many Asian economies still export-based, Asians must find ways to increase their own domestic consumption and intra-Asian demand. The region must also confront growing inequality and environmental damage from rapid industrialization.

Recognizing these challenges, Asia’s development will be neither predestined nor smooth. Asia’s future, even if on a good trajectory, will be a period of change and challenge.

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— Suggested Readings

Grimshaw, David J., and Shalini Kala. (2011). Strengthening rural livelihoods the impact of information and communication technologies in Asia. Ottawa: International Development Research Centre.  (Résumé en français disponible ici)

Mahubani, Kishore. (2008). The New Asian Hemisphere: The Irresistible Shift of Global Power to the East. New York City: Public Affairs.

Mazumdar, Dipak, and Sandip Sarkar. (2008). Globalization, labor markets and inequality in India. London: Routledge. (Résumé en français disponible ici)

Stiglitz, Joseph E. and Shahid Yusuf. (2001). Rethinking the East Asian miracle. Washington D.C.: The World Bank.

Tay, Simon S. C. (2010). Asia Alone: The Dangerous Post-Crisis Divide from America. Singapore: John Wiley & Sons.

Tyler, Stephen. (2006). Communities, livelihoods and natural resources action research and policy change in Asia. London: International Development Research Centre. (Résumé en français disponible ici)

Wade, Robert. (1990). Governing the Market: Economic Theory and the Role of Government in East Asian Industrialization. Princeton: Princeton University Press. [PDF 500KB]