Asia's remarkable economic performance and transformation since the 1960s has shifted the center of global economic activity toward Asia, in particular toward the Association of Southeast Asian Nations (ASEAN) economies, the People's Republic of China, and India (collectively known as ACI). While these dynamic developing economies do not form any specific institutional group, they constitute very large economies and markets. These emerging Asian giants share common boundaries, opportunities, and challenges. Their trade, investment, production, and infrastructure already are significantly integrated and will become more so in the coming decades. This book focuses on the prospects and challenges for growth and transformation of the region's major and rapidly growing emerging economies to 2030. It examines the drivers of growth and development in the ACI economies and the factors that will affect the quality of development. It also explores the links among the ACI economies and how their links may shape regional and global competition and cooperation.

Asia’s remarkable economic performance and transformation since the 1960s has shifted the center of global economic activity toward Asia, in particular toward the Association of Southeast Asian Nations (ASEAN) economies, the People’s Republic of China, and India (collectively known as ACI). While these dynamic developing economies do not form any specific institutional group, they constitute very large economies and markets. These emerging Asian giants share common boundaries, opportunities, and challenges. Their trade, investment, production, and infrastructure already are significantly integrated and will become more so in the coming decades. This book focuses on the prospects and challenges for growth and transformation of the region’s major and rapidly growing emerging economies to 2030. It examines the drivers of growth and development in the ACI economies and the factors that will affect the quality of development. It also explores the links among the ACI economies and how their links may shape regional and global competition and cooperation.

The economies of the People's Republic of China and India have seen dramatic growth in recent years. As their respective successes continue to reshape the world's economic landscape, noted Chinese and Indian scholars have studied the two countries' development paths, in particular their rich and diverse experiences in such areas as education, information technology, local entrepreneurship, capital markets, macroeconomic management, foreign direct investment, and state-owned enterprise reforms. Drawing on these studies, ADB has produced a timely collection of lessons learned that serves as a valuable refresher on the challenges and opportunities ahead for developing economies, especially those in Asia and the Pacific.

The most remarkable phenomenon in Asia in the 21st century is arguably the economic rise of China and India. Amazingly, the two most populous countries in the world are uplifting millions of their citizens annually from poverty through rapid economic growth. What is the impact on the region, given the ascendance of China and India? There are at least two possible outcomes: the rise of the two great Asian powers may challenge the US and instill fear among the smaller countries in Asia, or, China and India will act as new economic dynamos that will benefit the region even if US economic presence in the region is to decline in the future. This book explores the opportunities and obstacles to a OC harmoniousOCO region underpinned by the rise of China and India."

The past decade has witnessed rapid development in ASEAN-China relations. Both sides now have more in common than before, though differences still exist. ASEAN and China have established a promising strategic partnership ensuring peace, stability, co-operation as well as prosperity for the region. New challenges will, however, continue to emerge to test the resolve of the partnership. This book examines some of the areas of convergence and divergence and the possible trajectories of the development of ASEAN-China relations.

The Economic Outlook for Southeast Asia, China and India is a bi-annual publication on regional economic growth, development and regional integration in Emerging Asia. The update of the Outlook comprises three main parts, each highlighting a particular dimension of recent economic developments in the region.

Maritime power has been a key defining parameter of economic vitality and geostrategic power of nations. This book explores how the first decade of the 21st century has witnessed the rise of China and India as confident economic powers pivoting on high growth rates, exponential expansion of science, technology and industrial growth.

This book examines the energy resource relations between China and ASEAN countries. It addresses the following issues: as the world energy demand shifts East because of the rise of China, ASEAN community and other emerging Asian economies, and as the Greater Indian Ocean and the South China Sea become the world’s energy interstates, will geopolitical tensions over energy resources spark conflicts in the region, especially in the South China Sea? Against the background of China’s rise and its growing influence in Southeast Asia, will China’s quest for energy resource cooperation be viewed as a threat or opportunity by its neighbouring countries? Since the United States, Japan and India are important players in Southeast Asia, does the shifting geopolitics of energy give these big powers a new strategic tool in an intensifying rivalry with China? Or does the changing geopolitics of energy resources create more areas of shared interests and opportunities for cooperation between these big powers to balance, rather than increase, tensions in Southeast Asia? This book will be of interest to anyone who is keen to learn how the world, especially the United States, can accommodate and adapt to the new global energy dynamics and how China and ASEAN operate as new players in global and regional energy markets.

This book contains a medium-term (five-year) economic outlook for Southeast Asia, China and India.

The tensions in the South China Sea pose considerable challenges to the rules-based liberal international maritime order. The situation demonstrates the interplay between maritime nationalism and geostrategic rivalry; fuelling militarisation and endangering freedom of navigation, over-flight and exploitation of natural resources. China’s dedicated "terraclaims", land reclamation and island-building spree – enhanced with military surveillance, communications and logistics infrastructure-building in the form of port facilities, military installations and airstrips – have escalated these tensions. China declares that these territories are an integral part of its "core interests", taking an uncompromising stance on the question of sovereignty and its determination to protect the domain militarily. India, although not a South China Sea littoral state, sees both the general principle of the rules-based order and the specific issue of navigation between the Indian and Pacific Oceans as core to its own national interest. Chakraborti and Chakraborty assess the rationale and implications of India’s strategies and responses vis-à-vis the South China Sea dispute, and their impact on its overall "Act East" initiative in Southeast Asia policy. They also analyse the implications of India’s stance on the Association of Southeast Asian Nations (ASEAN), five member-states of which (Brunei, Indonesia, Malaysia, the Philippines and Vietnam) are involved in territorial disputes with China in the South China Sea. The analysis focuses on the administrative tenures of both the United Progressive Alliance from 2004 until 2014 and the National Democratic Alliance from 2014 onwards.