The lecture will analyse the phenomenal transformation of Asia, which would have been difficult to imagine, let alone predict, fifty years ago.
In doing so, it provides an analytical narrative of this remarkable story of economic development, situated in the wider context of historical, political and social factors, and an economic analysis of the underlying factors, with a focus on critical issues in the process of, and outcomes in, development. The analytical conclusions drawn contribute to contemporary debates on development, and highlight some lessons from the Asian experience for countries elsewhere.
In 1970, Asia was the poorest continent in the world, marginal except for its large population. Since then, it has been transformed beyond recognition, in the development of nations and living standards of people. This transformation has been uneven across countries and unequal among people. Yet, Asia’s economic progress in this short timespan has been remarkable and almost unprecedented in history. It is beginning to shift the balance of economic power in the world. At this juncture, however, the world is also confronted with mounting economic problems and political challenges, so that the uncertain future is a challenge.
About the speaker
Deepak Nayyar is Emeritus Professor of Economics at Jawaharlal Nehru University, New Delhi, and an Honorary Fellow of Balliol College, Oxford. He is the author of Resurgent Asia, and editor of Asian Transformations, both newly published by Oxford University Press and available for open access download. Both books emanate from the recent UNU-WIDER project, Asian transformations – an inquiry into the development of nations.
The project, and the resulting publications, analyse the incredible story of economic development in Asia over the last 50 years, and reflects on how the next 25 years might unfold.
This event is free and open to all with no ticket or pre-registration required. Entry is on a first come, first served basis, see more here.