Kenta Goto is Professor at the Faculty of Economics, Kansai University, and Senior Research Fellow at the Asia Pacific Institute of Research. His research interests include development, global value chains, and the informal economy. He obtained degrees from Keio University, Harvard University, and Kyoto University.Tamaki Endo is Associate Professor at Graduate School of Humanities and Social Sciences at Saitama University. Her research interests include informal economy, urban development, inequality, and global value chain. She received her PhD in Economics from Kyoto University.Asei Ito is Associate Professor at the Institute of Social Science, University of Tokyo. He obtained a PhD from the Graduate School of Economics, Keio University, Japan. His research covers Chinese industrial development, innovation, and outward FDI.

‘Goto, et al. fill a gap between what has been documented decades ago and the current reality of the Asian economy in the context of development economics. The authors are a group of well-trained Japanese economists with rich experience in fieldworks. The book is ideal to use as a textbook or a discussion material in both undergraduate and graduate classes. Academic scholars who would like to update their understanding on Asia as well as businesspersons and government officials who are keen to comprehend current Asia will find the book concise and insightful. Another Asian miracle is there.’ ─ Fukunari Kimura, Professor, Faculty of Economics, Keio University, Japan and Chief Economist, Economic Research Institute for ASEAN and East Asia (ERIA), Indonesia‘The Asian Economy is an innovative and successful attempt to bring to a Western audience the results of extensive work by Japanese scholars on Southeast and East Asian development in the 21st century. Organised mainly in terms of regional themes, it draws on the expertise of eleven authors to cover topics including migration, global value chains, informalization, innovation, and the role of China in Asia. As a textbook it will be valuable for graduate students and advanced undergraduates, and also will be exceptionally useful for policy makers and academics interested in the region.’ ─ John Thoburn, School of International Development, University of East Anglia, Norwich, UK

• Introduction: the Asian economy in the Asian century Part I New dimensions of the Asian economy 1. Transforming Asia: how the Asian economy has been discussed 2. Asianizing Asia: the rise of intra-regional trade and economic integration 3. China reshaping Asia: economic transition and the rise of an economic superpower Part II Borderless Asia 4. Factory Asia: global value chains and local firm development 5. Capital Asia: growth and capital flows 6. Migrating Asia: labor mobility in an interdependent and connected world Part III Dynamic Asia 7. Innovating Asia: growth pattern changes in post-middle-income economies 8. Urbanizing Asia: cities transforming into mega-regions 9. Informalizing Asia: the other dynamics of the Asian economy Part IV Asia at a crossroads 10. Ageing Asia: from demographic dividend to demographic tax 11. Unequalizing Asia: from poverty to inequality 12. Environmentally challenged Asia: in the context of backwardness and diversity Conclusion: competing Asia, co-existing Asia

Kenta Goto is Professor at the Faculty of Economics, Kansai University, and Senior Research Fellow at the Asia Pacific Institute of Research. His research interests include development, global value chains, and the informal economy. He obtained degrees from Keio University, Harvard University, and Kyoto University.Tamaki Endo is Associate Professor at Graduate School of Humanities and Social Sciences at Saitama University. Her research interests include informal economy, urban development, inequality, and global value chain. She received her PhD in Economics from Kyoto University.Asei Ito is Associate Professor at the Institute of Social Science, University of Tokyo. He obtained a PhD from the Graduate School of Economics, Keio University, Japan. His research covers Chinese industrial development, innovation, and outward FDI.

‘Goto, et al. fill a gap between what has been documented decades ago and the current reality of the Asian economy in the context of development economics. The authors are a group of well-trained Japanese economists with rich experience in fieldworks. The book is ideal to use as a textbook or a discussion material in both undergraduate and graduate classes. Academic scholars who would like to update their understanding on Asia as well as businesspersons and government officials who are keen to comprehend current Asia will find the book concise and insightful. Another Asian miracle is there.’ ─ Fukunari Kimura, Professor, Faculty of Economics, Keio University, Japan and Chief Economist, Economic Research Institute for ASEAN and East Asia (ERIA), Indonesia‘The Asian Economy is an innovative and successful attempt to bring to a Western audience the results of extensive work by Japanese scholars on Southeast and East Asian development in the 21st century. Organised mainly in terms of regional themes, it draws on the expertise of eleven authors to cover topics including migration, global value chains, informalization, innovation, and the role of China in Asia. As a textbook it will be valuable for graduate students and advanced undergraduates, and also will be exceptionally useful for policy makers and academics interested in the region.’ ─ John Thoburn, School of International Development, University of East Anglia, Norwich, UK

• Introduction: the Asian economy in the Asian century Part I New dimensions of the Asian economy 1. Transforming Asia: how the Asian economy has been discussed 2. Asianizing Asia: the rise of intra-regional trade and economic integration 3. China reshaping Asia: economic transition and the rise of an economic superpower Part II Borderless Asia 4. Factory Asia: global value chains and local firm development 5. Capital Asia: growth and capital flows 6. Migrating Asia: labor mobility in an interdependent and connected world Part III Dynamic Asia 7. Innovating Asia: growth pattern changes in post-middle-income economies 8. Urbanizing Asia: cities transforming into mega-regions 9. Informalizing Asia: the other dynamics of the Asian economy Part IV Asia at a crossroads 10. Ageing Asia: from demographic dividend to demographic tax 11. Unequalizing Asia: from poverty to inequality 12. Environmentally challenged Asia: in the context of backwardness and diversity Conclusion: competing Asia, co-existing Asia

Kenta Goto is Professor at the Faculty of Economics, Kansai University, and Senior Research Fellow at the Asia Pacific Institute of Research. His research interests include development, global value chains, and the informal economy. He obtained degrees from Keio University, Harvard University, and Kyoto University.Tamaki Endo is Associate Professor at Graduate School of Humanities and Social Sciences at Saitama University. Her research interests include informal economy, urban development, inequality, and global value chain. She received her PhD in Economics from Kyoto University.Asei Ito is Associate Professor at the Institute of Social Science, University of Tokyo. He obtained a PhD from the Graduate School of Economics, Keio University, Japan. His research covers Chinese industrial development, innovation, and outward FDI.

‘Goto, et al. fill a gap between what has been documented decades ago and the current reality of the Asian economy in the context of development economics. The authors are a group of well-trained Japanese economists with rich experience in fieldworks. The book is ideal to use as a textbook or a discussion material in both undergraduate and graduate classes. Academic scholars who would like to update their understanding on Asia as well as businesspersons and government officials who are keen to comprehend current Asia will find the book concise and insightful. Another Asian miracle is there.’ ─ Fukunari Kimura, Professor, Faculty of Economics, Keio University, Japan and Chief Economist, Economic Research Institute for ASEAN and East Asia (ERIA), Indonesia‘The Asian Economy is an innovative and successful attempt to bring to a Western audience the results of extensive work by Japanese scholars on Southeast and East Asian development in the 21st century. Organised mainly in terms of regional themes, it draws on the expertise of eleven authors to cover topics including migration, global value chains, informalization, innovation, and the role of China in Asia. As a textbook it will be valuable for graduate students and advanced undergraduates, and also will be exceptionally useful for policy makers and academics interested in the region.’ ─ John Thoburn, School of International Development, University of East Anglia, Norwich, UK

• Introduction: the Asian economy in the Asian century Part I New dimensions of the Asian economy 1. Transforming Asia: how the Asian economy has been discussed 2. Asianizing Asia: the rise of intra-regional trade and economic integration 3. China reshaping Asia: economic transition and the rise of an economic superpower Part II Borderless Asia 4. Factory Asia: global value chains and local firm development 5. Capital Asia: growth and capital flows 6. Migrating Asia: labor mobility in an interdependent and connected world Part III Dynamic Asia 7. Innovating Asia: growth pattern changes in post-middle-income economies 8. Urbanizing Asia: cities transforming into mega-regions 9. Informalizing Asia: the other dynamics of the Asian economy Part IV Asia at a crossroads 10. Ageing Asia: from demographic dividend to demographic tax 11. Unequalizing Asia: from poverty to inequality 12. Environmentally challenged Asia: in the context of backwardness and diversity Conclusion: competing Asia, co-existing Asia