Regional Integration For Growth: Asian Responses To China's Emergence

Over the last two decades, China has redefined our understanding of dynamic growth for an emerging economy. During this time, other Asian economies adapted to an unparalleled export competitor as China established robust supply chains into all the established OECD markets. As a result of its success, China economy is the world's second largest, and home to the fastest growing middle class. This transition, from low-wage export competitor to large, dynamic consumer society, presents the Asian region with a new generation of economic growth opportunities. Traditional, East-West trade will continue, as will China's export leadership in these markets. Asian economic integration, however, will allow countries in the region to diversify away from slow growing western markets while expanding their export supply chains to the world's most dynamic internal market.This volume offers expert opinions from a representative sample of Asian national and sector perspectives. Readers are given diverse geographic and sector perspectives, reflecting the multi-faceted nature of a new Asian economic dynamic, regional growth anchored by China's domestic market. Authors include leading regional academics and policy experts, as well as a few international scholars who can speak independently but with authority about Asia's economic future.