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A theory is appropriate as long as it fits into the fact; when a theory doesn't fit in the fact, it's wise to walk with the fact.

Tuesday, February 4, 2020

Asia's Journey to Prosperity: Policy, Market, and Technology Over 50 Years

Asian Development Bank publishes this book (Asia's Journey to Prosperity: Policy, Market, and Technology over 50 Years) which presents an overview of Asia’s growth and transformation in the last 50 years and discusses key policy lessons that can be drawn from the region’s experiences.


The book provides a summary of underlying factors that can explain Asia’s development performance, as well as the large variations across the region and time periods. In particular, it focuses on the roles of technology, markets, and policies in several areas including human capital development, trade and investment, infrastructure, macroeconomic stability, poverty reduction, gender equality, environmental sustainability, development finance, and regional cooperation and integration.