Rise And Decline Of The Asian Century

First published in 1997, this volume reflects an attempt to put order in the place of what appears to be chaos amidst East Asia’s rapid dash toward economic development. With experiences of Turkey during and after martial law, Italy during the Red Brigade, England during the ‘Winter of Discontent’, post-Franco Spain’s stumbling embrace of democracy, Poland in the beginning of the solidarity movement, South Africa in the crumbling of apartheid, China during the early student protests and Europe when the Iron Curtain was lifted, Christopher Lingle applies these ideas to modern developments in East Asia, providing an intriguing, counter-intuitive, refreshing take on its economies.

First published in 1997, this volume reflects an attempt to put order in the place of what appears to be chaos amidst East Asia's rapid dash toward economic development. With experiences of Turkey during and after martial law, Italy during the Red Brigade, England during the 'Winter of Discontent', post-Franco Spain's stumbling embrace of democracy, Poland in the beginning of the solidarity movement, South Africa in the crumbling of apartheid, China during the early student protests and Europe when the Iron Curtain was lifted, Christopher Lingle applies these ideas to modern developments in East Asia, providing an intriguing, counter-intuitive, refreshing take on its economies.

Before the spectacular economic catastrophes that have recently befallen the newly-emergent economies of Asia - notably those of Korea and Thailand - it was fashionable amongst economists to speak of an impending Asian century in which the Asia-Pacific region would supplant America as the centre of gravity for world affairs. Conventional wisdom held that the high growth rates enjoyed by the Asian tiger economies would continue relentlessly, even spreading within the region, while Western institutions, by contrast, would decline irreversibly.

This open access book consists of essays written by Kishore Mahbubani to explore the challenges and dilemmas faced by the West and Asia in an increasingly interdependent world village and intensifying geopolitical competition. The contents cover four parts: Part One The End of the Era of Western Domination. The major strategic error that the West is now making is to refuse to accept this reality. The West needs to learn how to act strategically in a world where they are no longer the number 1. Part Two The Return of Asia. From the years 1 to 1820, the largest economies in the world were Asian. After 1820 and the rise of the West, however, great Asian civilizations like China and India were dominated and humiliated. The twenty-first century will see the return of Asia to the center of the world stage. Part Three The Peaceful Rise of China. The shift in the balance of power to the East has been most pronounced in the rise of China. While this rise has been peaceful, many in the West have responded with considerable concern over the influence China will have on the world order. Part Four Globalization, Multilateralism and Cooperation. Many of the world's pressing issues, such as COVID-19 and climate change, are global issues and will require global cooperation to deal with. In short, human beings now live in a global village. States must work with each other, and we need a world order that enables and facilitates cooperation in our global village.

In New Asian Disorder: Rivalries Embroiling the Pacific Century, Lowell Dittmer and his team explore the recent political disorder in East Asia resulting from growing Sino-American polarization. The rise of China in recent years is widely regarded as a momentous shift in the global balance of power. China is now extending sovereignty into the East China Sea and the South China Sea, constructing a new set of global financial institutions and replacing “universal values” with technologically enhanced nationalism. The country’s “Belt and Road Initiative” is also tainted by the vast ambition to realize the “China Dream” within the foreseeable future. In response to China’s challenge, the United States has abandoned its “constructive engagement” policy towards the rising power and engaged in a trade war. Sino-American relations have been at a historical trough since the normalization of their relationship in the late 1970s. This book sheds new light on the current political disorder in the East Asian international arena. The new Asian disorder is analyzed from three perspectives: the first focuses on identity, the second on political economy, and the third on the triangular dynamic. This collection of essays concludes that, unless and until consensus can be reached on a coherent new framework for cooperation and rule enforcement among different stakeholders in East Asia, the current disorder may be expected to persist. “Focusing on the impact of Xi Jinping and Donald Trump, this book sees rivalries undermining the post–Cold War order but not leading to a full breakdown. Stress is on identities, strategies, and triangles related to the Sino-US rivalry. Dittmer argues that these factors will drive further changes. Readers will find a diversity of approaches on a most critical bilateral relationship.” —Gilbert Rozman, Princeton University; editor of The Asan Forum “A great read to better comprehend the ‘New Asian Disorder’ that the growing China-US rivalry has been contributing to, as well as its implications for the other actors of the region, be they big as Japan or smaller as Australia, Southeast Asian nations or Taiwan.” —Jean-Pierre Cabestan, Hong Kong Baptist University; senior research fellow of the French Research Institute on East Asia, Inalco, Paris

The story of Penang would be incomplete without the Big Five Hokkien families (the Khoo, the Cheah, the Yeoh, the Lim, and the Tan). It was the Big Five who played a preponderant role not only in transforming Penang into a regional entrepot and a business and financial base, but also in reconfiguring maritime trading patterns and the business orientation of the region in the nineteenth century. Departing from the colonial vantage point, this book examines a web of transnational, hybrid and fluid networks of the Big Five comprising of family relationship, sworn brotherhood, political alliance and business partnerships, which linked Penang and its surrounding states (western Malay states, southwestern Siam, southern Burma, and the north and eastern coasts of Sumatra) together to form one economically unified geographical region, having inextricable links to China and India. With these intertwining networks, the Big Five succeeded in establishing their dominance in all the major enterprises (trade, shipping, cash crop planting, tin mining, opium revenue farms), which constituted the linchpin of Penang’s and its region’s economy. By disentangling and dissecting this intricate web of networks, this book reveals the rise and decline of the Hokkien mercantile families’ nearly century-long economic ascendancy in Penang and its region. "Wong Yee Tuan’s study of the five clans of Penang represents a major breakthrough in the study of the Malayan Chinese. He documents an extremely important aspect of the nineteenth-century Asian diaspora, exposing the intricate links between families, businesses, secret societies, revenue farms and public life of some of the key groups of Chinese in Penang and northern Malaya. The book weaves together the various strands of overseas Chinese life not only in Malaya, but also in the Netherlands Indies, Siam and China. Most importantly, it shows the process by which the Chinese leaders gained political, economic and social power as well as the way by which these powers were lost." -- Carl A. Trocki, Emeritus Professor, Asian Studies, Queensland University of Technology, Australia "This volume can be situated within a growing historiographical current whereby regional studies of connections, networks and interactions are gradually transcending national histories. Incorporating commercial, ethnic and social elements, the history presented can be concurrently seen as a business case study, a sociological exploration, a political economy treatise and an inquiry into Hokkien networking. Wong Yee Tuan is to be congratulated on this signal study in how local, national and broader regional histories can be integrated." -- Geoffrey Wade, ANU College of Asia and the Pacific, Australian National University "By aligning family, socio-political and business interests, the leading Penang Hokkien clans centralized their 'home port' as a hub of regional commercial networks, thus successfully extending the trading colonies of Chinese diaspora westward to the edge of the Indian Ocean. Wong has fastidiously researched and compellingly proven this, with a clear eye for relevant cross-cultural collaborations with indigenous and international actors. The important legacy of the 'Big Five' clanhouses is now firmly embedded in the George Town World Heritage Site, inciting further inquiry into the cultural formation of collective entrepreneurship in Southeast Asia." -- Khoo Salma Nasution, Heritage Advocate and Local Historian, Penang

This study, Asia 2050: Realizing the Asian Century, is aimed at key opinion makers to foster debate on a vision of and strategy for Asia's potentially historic rise among the global community of nations between now and 2050. It offers a long-term perspective of the Asia region as a whole as opposed to the more common approach that delivers a short- to medium-term perspective of selected countries, subregions or issues.

An urgently needed risk map of the many dangers that could derail Asia s growth and stability Since Marco Polo, the West has waited for the Asian Century. Today, the world believes that Century has arrived. Yet from China s slumping economy to war clouds over the South China Sea and from environmental devastation to demographic crisis, Asia s future is increasingly uncertain. Historian and geopolitical expert Michael Auslin argues that far from being a cohesive powerhouse, Asia is a fractured region threatened by stagnation and instability. Here, he provides a comprehensive account of the economic, military, political, and demographic risks that bedevil half of our world, arguing that Asia, working with the United States, has a unique opportunity to avert catastrophe but only if it acts boldly. Bringing together firsthand observations and decades of research, Auslin s provocative reassessment of Asia s future will be a must-read for industry and investors, as well as politicians and scholars, for years to come.