This timely book reviews how South Asia is rising to the challenge of globalization. In particular, how are South Asian countries maximizing the benefits of globalization whilst minimizing its costs? What lessons have these countries learned from the East Asian financial crisis? What actions have they taken at the national, regional, and global level? Some important topics covered in this book include policy reforms and economic integration in South Asia, comparisons between South Asia (mainly India) and China, and economic linkages between South Asia and East Asia including the possibility of an integrated Pan-Asia similar to the European Union. Academics, researchers, students, policymakers and observers of South Asian, and more broadly Asian, economic development and integration will want to read this book.
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Rana and Dowling have come up with an interesting analysis of South Asia, a region that has begun to emerge as one of the most dynamic by exploiting opportunities provided by globalization. They also focus on the challenges that they face in responding to globalization and regional economic integration. I hope that the book will be widely read. --Dr Nagesh Kumar Director-General Research and Information System for Developing Countries (RIS)
Rana and Dowling have been keen observers of the South Asian scene for over two decades. This experience and scholarship is amply demonstrated in their new book. They rightly emphasize that South Asian economies have to press on with their domestic reform agenda and further reinforce their efforts at regional cooperation if they want to maximize the benefits from globalization. Their prescription is right on the mark. The book has two special features that should make it a necessary reading for all those interested in Asia's evolving economic geography. The first is its comparison of the development experience in China and South Asia. The second is the discussion of pan-Asian cooperation and the prospects of strengthening of economic cooperation between South Asia and East Asia, an idea whose time is now well within the planning horizon. The book is a welcome addition to the growing literature on pan-Asian cooperation and will strengthen the important cause of regional cooperation in South Asia. --Dr Nagesh Kumar Director-General Research and Information System for Developing Countries (RIS)
The basic premise of Rana and Dowling's remarkable book is that sustaining high growth in South Asia is essential for integrating Asia, and for enhancing its role in global affairs. They make many policy suggestions for pursuing inclusive high growth by South Asian countries, so the sub-region can be a growth node for the rest of Asia. The book is a welcome addition to growing literature on Asian integration in general, and to managing globalization in south Asia in particular. --Professor Mukul G Asher Lee Kuan Yew School of Public Policy, National University of Singapore
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