Contents -- Preface -- Chapter 1 Growth, Structural Change and Technology -- Introduction -- Income Growth -- Growth in Trade -- Total Factor Productivity (TFP) -- Shifting Comparative Advantage -- Modern Comparative Advantage -- The Role of Investment -- Foreign Direct Investment -- Production Platforms and Patterns of Technological Transfer -- Patterns of technological transfer 3 -- Experience in electronics -- Production platforms and international division of labor -- Shifting Sectoral Income Shares -- Industry -- Services -- Sectoral Employment Trends -- Foreign Aid -- Income growth -- Factors contributing to growth -- Investment -- Total factor productivity -- Labor force growth -- Education and health -- Governance and corruption -- Foreign direct investment and export promotion -- Growth Projections to 2020 -- Export Growth -- Standard of Living in 2020 -- Policy Challenges and Responses -- Risks to the Forecast -- Bibliography -- Chapter 2 Regional Cooperation and the Global Community -- Regional Production Networks -- Institutional Initiatives Toward Regional Cooperation in Asia -- Bilateral trading arrangements -- Regional Cooperation in Transportation -- Energy Infrastructure -- Regional Cooperation in International Migration -- Issues in sending countries -- Issues in receiving countries -- Remittances -- Regional Cooperation in Banking and Finance -- Regional financial cooperation -- Financial surveillance -- Financial services and bond market development -- Regional Cooperation and the Environment -- Water resources3 -- Air pollution -- Institutional initiatives toward regional cooperation in Asia -- Energy -- Information Technology -- Migration -- Banking and Finance -- Transportation -- Environment -- Bibliography -- Chapter 3 The United States, Europe and Developing Asia -- Introduction -- Introduction.

Economic Development Issues -- International imbalances -- Trade issues -- Immigration -- Genetically engineered crops -- Health -- Income convergence -- Political Issues -- China and the West -- India and Pakistan -- China and Taiwan -- Environmental Issues -- Issues and Prospects -- International imbalances -- International trade -- Immigration -- Health -- Genetically modified crops -- India and Pakistan -- China and Taiwan -- China and the West -- Environment -- Bibliography -- Chapter 4 Poverty and Income Distribution -- Introduction -- Poverty Theory -- Vicious cycle and trickle down -- Relating income distribution with growth and poverty -- Role of economic growth -- Role of microeconomics and labor market policies -- Financial markets -- Human resource development -- Labor markets -- Trade policies and poverty -- Vulnerable Groups -- Women -- Landless and those lacking property rights -- Bypassed Regions, Ethnic Minorities and Lower Classes -- Children and the Elderly -- Artisanal Fishermen -- Rural and Urban Poverty -- Circle of Poverty -- Limited access to modern technology -- Family size -- Access to markets -- Access to credit -- Education and health -- Poverty in Asia -- Poverty and income -- Transition Economies in Central Asia -- Income Elasticity of Poverty Reduction -- Policy Implementation to Reduce Poverty in Asia -- Openness to trade -- Flexible labor markets -- Stable macroeconomic policies -- Education and health -- Literacy -- Life expectancy and infant mortality -- Human development and poverty -- Good governance -- Income Distribution, Poverty and Economic Growth -- General goals, agenda, and prospects for reducing poverty -- Poverty Reduction Strategy Papers (PRSPs) and Poverty Reduction Objectives -- Empowerment -- Increasing opportunities -- Enhancing security -- Gender equality -- Other initiatives.

Environmental protection and sustainable development -- Other Programs and Policies for Attacking Poverty -- Investment and Other Priorities for Achieving MDG Objectives -- Longer term objectives -- An agenda for long-term poverty reduction -- Agricultural development -- Health, Education and Population -- Empowerment of the poor and civil society -- Better access, information and interaction with policy makers -- Lack of respect for local governments, their objectives, accomplishments and plans -- Concentration on targets and macroeconomic objectives misses the point -- Urban Poverty -- Poverty of money -- Poverty of access -- Poverty of power -- Final Thoughts -- Bibliography -- Chapter 5 Corruption, Ethics and Governance -- Corruption -- Nature of Corruption -- Corruption and the Government -- Determinants of Corruption -- Economic variables -- Social, political and judicial variables -- Governmental variables -- Trends in Corruption -- Impact of Corruption on the Economy -- Market clearing and bribery -- Bribes as incentives for bureaucrats and to reduce costs -- Organized crime and corruption -- Economic Costs of Corruption -- Corruption retards growth -- Corruption is negatively associated with openness -- Corruption has serious detrimental impacts on foreign and domestic saving and the level of investment -- Corruption bears heavily on the poor -- The Culture of Corruption -- Controlling Corruption -- Economic variables -- Administrative policies including civil service reform -- Legal reform and corruption -- Political system and corruption -- Corruption Experience in Asia -- Philippines -- Thailand -- Korea -- China -- India -- Prospects and Policies for the Future -- East Asian experience and prospects -- China, Southeast Asia and South Asia -- General policies for the future -- Governance -- Vote buying and corruption.

Is there a "Honesty Divide"? -- Bibliography -- Chapter 6 Environment -- Recent Environmental Developments in Asia -- Population growth -- Water availability and water quality -- Air quality -- Land and forest resources -- Solid and hazardous waste -- Energy -- Global warming and ozone layer depletion -- Biodiversity1 -- Impact of Increasing Environmental Damage and Degradation -- Heath impact of air pollution/environmental damage as a result of lower air quality -- Health impact and cost of fresh water and ocean pollution -- Costs of damage to land and forest resources -- Cost of ecosystem and biodiversity loss -- Cost of global warming and ozone layer depletion -- General estimates of overall loss as a result of environmental damage -- Causes of Increasing Environmental Damage and Degradation -- Externalities -- Open access and common property -- Property rights -- Role of government -- What are the Options? -- The Way Forward -- Population growth -- Water -- Forests -- Energy -- Air -- Biodiversity -- Spending on environment -- Governance and institution building -- Technology -- Global warming -- Time delays -- Aging and environment -- Environmental Kuznets Curve (EKC) -- Ecological footprint and international cooperation -- Final thoughts -- Bibliography -- Chapter 7 China and India -- Introduction -- China -- History -- Agriculture and the household responsibility system -- Industry and growth of town and village enterprises -- Foreign trade and SEZs -- World Trade Organization -- Issues and Challenges Facing China -- Demographic transition and aging -- Urban/Rural divide and income inequality -- Environment -- Energy -- Petroleum -- Industrial policy -- Social policy -- International trade and exchange rates -- State-owned enterprises -- Financial sector 2 -- Macroeconomic management -- Regional and global issues -- India -- History.

Agriculture -- Growth in industry -- Investment climate -- Entry and exit -- Labor mobility -- Land ownership -- Lack of openness to foreign competition -- Infrastructure bottlenecks and high costs -- Regulations and corruption -- Growth in services -- Financial sector -- Capital formation and overall economic growth -- External environment -- Export processing zones -- Population and human resources -- Issues and Challenges Facing India -- Economic growth -- Income inequality and regional disparities -- Agricultural policies -- Industrial policies -- Infrastructure -- Trade policy and development of SEZs -- Restrictive labor and industrial policies -- Financial sector policies -- Environment -- Population and social policy -- Comparison between India and China -- Gross output and sector performance -- International trade -- Poverty and income distribution -- Financial sector performance -- Savings, investment and economic growth -- Environment -- Bibliography -- Author Index -- Subject Index.