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This book demonstrates the connection between economic and strategic developments in Asia with several, interrelated arguments. The author asserts that there is no single explanation for the 1997 financial crisis in the Pacific Rim states, nor for the slow recovery afterwards. The author also points out that China is not the only major power rising in Asia; India is close behind, and warns that while many observers are proceeding as if current U.S. treaties will continue indefinitely, Asia is already preparing for changing patrons.
"A marvelously rich, important, original book on the rise of the 'mega-countries,' China and India, who are casting a long shadow on the rest of the world." - Paul Bracken, Professor of Management & Political Science, Yale University
"Thisboth sweepingand detailed study contributessignificantly to our understanding of the combination of economic and strategic developments in Asia since the financial crisis of 1997. The economic-growth driven, sustained, phenomenal rise of China and India is a dominant event of the 21st century. In his analysis, Professor Denoon considers how these new, evolving strategic realignments and balances in Asia will have significant, though not yet well appreciated, implications for U.S. foreign policy."
- Hugh T. Patrick, Co-Director, APEC Study Center, Columbia University and R.D. Calkins Professor Emeritus"David Denoon has given us a major book which will help refocus our attention away from the post-9/11 preoccupation with the Middle East and Gulf to fundamental strategic realignments underway in South and East Asia. Denoon is a unique Asia specialist in his ability to assess the economic as well as the political trends that are transforming the Asia-Pacific region. He documents in detail how the continental powers of Asia India and China as well as Japan emerged unscathed from the financial crisis of 1997 to reshape the economic structure of the region, and how institutions like ASEAN and APEC have failed to give voice to the concerns of smaller regional states. This is an analysis much broader than the 'rise of China'.It will help us understand why Asia will be the world's power center of the 21st Century." - Richard H. Solomon,President, U.S. Institute of Peace
"Thisboth sweepingand detailed study contributessignificantly to our understanding of the combination of economic and strategic developments in Asia since the financial crisis of 1997. The economic-growth driven, sustained, phenomenal rise of China and India is a dominant event of the 21st century. In his analysis, Professor Denoon considers how these new, evolving strategic realignments and balances in Asia will have significant, though not yet well appreciated, implications for U.S. foreign policy."
- Hugh T. Patrick, Co-Director, APEC Study Center, Columbia University and R.D. Calkins Professor Emeritus"David Denoon has given us a major book which will help refocus our attention away from the post-9/11 preoccupation with the Middle East and Gulf to fundamental strategic realignments underway in South and East Asia. Denoon is a unique Asia specialist in his ability to assess the economic as well as the political trends that are transforming the Asia-Pacific region. He documents in detail how the continental powers of Asia India and China as well as Japan emerged unscathed from the financial crisis of 1997 to reshape the economic structure of the region, and how institutions like ASEAN and APEC have failed to give voice to the concerns of smaller regional states. This is an analysis much broader than the 'rise of China'.It will help us understand why Asia will be the world's power center of the 21st Century." - Richard H. Solomon,President, U.S. Institute of Peace