Overview
Asian Economic Systems provides readers with a crisp analytic framework, concepts and narrative highlighting contemporary Asias systemic diversity. The framework facilitates insightful comparison with the western neoclassical ideal. This method allows students to easily appreciate the special virtues of various Asian economic systems, and compare them with those offered in the west. This objective is buttressed with background material on Asian economic history where appropriate, together with basic data on Asian and global economic performance to help students integrate concepts with experience. The approach provides an objective platform for discussing Asia's place and future in the new global order. It makes it clear that there is no universally best economic system. There are a variety of good systems and nations should choose the system that best suits their cultural heritage, values and aspirations. The approach informs discussions about the wisdom of forming regional free trade zones, economic communities (like ASEAN), and unions (analogous to the European Union), as well as forging a one-world system of economic governance.
