The Asian miracle, myth, and mirage

Until recently, double-digit economic growth was not unusual among Asian countries and, in fact, had come to be expected of them. From western India to northeastern China, markets were booming and incredible numbers of foreign investors were racing into the Asian markets. Scholars have written laudatory books and articles, politicians want to ensure that trade with Asian countries continues on a rising trajectory, and business leaders have become the new promoters of Asian prosperity.

This book attempts to inject a note of caution and reality, while giving Asian countries well-deserved credit for improving their economic status.