Publication

The paper provides a historical overview of Asia's development progress and looks forward to 2015 and beyond. The study examines factors underpinning emergence of the economic "tigers", the financial crisis of 1997-1998 and the recovery of Asia after the crisis. Further, it focuses on the likely areas of Asian development, emphasizing both opportunities and challenges. It suggests ideas for action to sustain growth and poverty reduction, identifying options for Asian governments and the potential role of the international community.