Economic Transformation and Business Opportunities in Asia
This book examines the uneven economy in Asia, showing how the pace of economic transformation affects prosperity and the emerging middle class. Using the Lewis turning point and the long run cycle of the rise and fall of nations as a framework, it demons
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Pongsak Hoontrakul
Economic Transformation and Business Opportunities in Asia
Pongsak Hoontrakul
Economic Transformation and Business Opportunities in Asia
Pongsak Hoontrakul Vimanmak Noi Co., Ltd Bangkok, Thailand
ISBN 978-3-319-58927-5 ISBN 978-3-319-58928-2 (eBook) DOI 10.1007/978-3-319-58928-2 Library of Congress Control Number: 2017946894 © The Editor(s) (if applicable) and The Author(s) 2018 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Cover illustration: © OJO Images Ltd / Alamy Stock Photo Printed on acid-free paper This Palgrave Macmillan imprint is published by Springer Nature The registered company is Springer International Publishing AG The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland
Dedicated to The Centennial of Chulalongkorn University, Bangkok, and The 50th Anniversary of Schulich School of Business, York University, Toronto
FOREWORD
Asia’s role in the global economy has always fascinated economists. At the beginning of the 1990s, the East Asian Miracle was touted as a model for all of the developing economies around the world. A few years later, the region experienced one of its worst financial crises. Despite the setback, the twenty first century was ushered in as an Asia-Pacific century. The ASEAN Economic Community was launched at the end of 2015. With the emergence of China and India as economic superpowers alongside the success stories of other emerging economies in the region, Asia’s future growth path will likely determine the direction of the global economy for years to come. Asia is a very economically diverse region. It has some of the most advanced economies in the world and economies that still have millions of people in poverty. It has economies that face the challenges of maturity, economies trapped in middle income ranks, and others yet to make the basic transformation
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