The Rise and Decline of the Asian Century: False Starts on the Path to the Global Millennium
by Christopher Lingle
Category: Business & Economics

He points out that many of institutions credited with the "miracle" performance of East Asian economies cannot withstand close scrutiny. Their short-term virtue can be shown to be long-term vice, irreparably harming the region's prospects for sustainable economic and social progress. The coming period should neither be considered the end of an "American century" nor the beginning of an "Asian century". Instead, it should be constructively regarded as the dawn of a "global millennium", in which an increasingly internationalized economy will raise the living standards of even greater numbers of people.