Publication:
Asian Century or Multi-polar Century?

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dc.contributor.authorDollar, David
dc.date.accessioned2012-06-06T14:01:32Z
dc.date.available2012-06-06T14:01:32Z
dc.date.issued2007-03
dc.description.abstractThe "rise of Asia" is something of a myth. During 1990-2005 China accounted for 28 percent of global growth, measured at purchasing power parity (PPP). India accounted for 9 percent. The rest of developing Asia, with nearly a billion people, accounted for only 7 percent, the same as Latin America. Hence there is no general success of Asian developing economies. China has grown better than its developing neighbors because it started its reform with a better base of human capital, has been more open to foreign trade and investment, and created good investment climates in coastal cities. China's success changes the equation going forward: its wages are now two to three times higher than in the populous Asian countries (Bangladesh, India, Indonesia, Pakistan, and Vietnam), and China will become an ever-larger importer of natural resource and labor-intensive products. Developing countries need to become more open and improve their investment climates to benefit from these opportunities. China itself faces new challenges that could hamper its further development: unsustainable trade imbalance with the United States, energy and water scarcity and unsustainable use of natural resources, and growing inequality and social tension. To address the first two of these challenges, good cooperation between China and the United States is essential. The author concludes that we are more likely to be facing a "multi-polar century," than an Asian century.en
dc.identifierhttp://documents.worldbank.org/curated/en/2007/03/7471906/asian-century-or-multi-polar-century
dc.identifier.doi10.1596/1813-9450-4174
dc.identifier.urihttps://hdl.handle.net/10986/7215
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper; No. 4174
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectABUSE
dc.subjectADULT POPULATION
dc.subjectAGRICULTURE
dc.subjectAIR POLLUTION
dc.subjectAVERAGE TARIFF
dc.subjectAVERAGE TARIFF RATE
dc.subjectAVERAGE TARIFFS
dc.subjectBANKRUPTCY
dc.subjectBONDS
dc.subjectCAPITAL ACCOUNT
dc.subjectCAPITAL FORMATION
dc.subjectCAPITAL STOCK
dc.subjectCITIZENS
dc.subjectCIVIL SOCIETY
dc.subjectCLIMATE CHANGE
dc.subjectCOAL
dc.subjectCOAL USE
dc.subjectCOMMODITY PRICES
dc.subjectCOMPARATIVE ADVANTAGE
dc.subjectCONSUMERS
dc.subjectCUSTOMS
dc.subjectCUSTOMS CLEARANCE
dc.subjectCUSTOMS PROCEDURES
dc.subjectDEBT
dc.subjectDEBT CRISES
dc.subjectDEMOCRACY
dc.subjectDEVELOPED COUNTRIES
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPING WORLD
dc.subjectDEVELOPMENT STRATEGY
dc.subjectDIVIDENDS
dc.subjectDOMESTIC DEMAND
dc.subjectDOMESTIC NEEDS
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC HISTORY
dc.subjectECONOMIC IMPACT
dc.subjectECONOMIC OPPORTUNITIES
dc.subjectECONOMIC OUTCOMES
dc.subjectECONOMIC PERFORMANCE
dc.subjectECONOMIC REFORM
dc.subjectECONOMIC TRENDS
dc.subjectECONOMICS
dc.subjectEDUCATION SYSTEMS
dc.subjectENERGY DEMAND
dc.subjectENERGY EFFICIENCY
dc.subjectENERGY NEEDS
dc.subjectENERGY POLICIES
dc.subjectENERGY PRICES
dc.subjectENERGY USE
dc.subjectENVIRONMENTAL CONSEQUENCES
dc.subjectEXCHANGE RATE
dc.subjectEXPORT GROWTH
dc.subjectEXPORTS
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL SYSTEM
dc.subjectFOREIGN INVESTMENT
dc.subjectFOREIGN TRADE
dc.subjectGAS RESOURCES
dc.subjectGASOLINE PRICES
dc.subjectGDP
dc.subjectGINI COEFFICIENT
dc.subjectGLOBAL CLIMATE CHANGE
dc.subjectGLOBAL ECONOMY
dc.subjectGLOBAL MARKET
dc.subjectGLOBAL POPULATION
dc.subjectGLOBAL PRODUCTION
dc.subjectGLOBAL TRADE
dc.subjectGREEN SPACE
dc.subjectGREENHOUSE GAS
dc.subjectGREENHOUSE GAS EMISSIONS
dc.subjectGREENHOUSE GASES
dc.subjectGROWTH PERFORMANCE
dc.subjectGROWTH RATE
dc.subjectGROWTH RATES
dc.subjectGROWTH RECESSION
dc.subjectHEALTH CARE
dc.subjectHEALTH INSURANCE
dc.subjectHUMAN CAPITAL
dc.subjectHUMAN NEEDS
dc.subjectIMPORT TARIFF
dc.subjectINCOME COUNTRIES
dc.subjectINCOME DEVELOPING COUNTRIES
dc.subjectINDUSTRIAL WASTE
dc.subjectINDUSTRIALIZED COUNTRIES
dc.subjectINDUSTRY
dc.subjectINFANT
dc.subjectINFANT MORTALITY
dc.subjectINFANT MORTALITY RATE
dc.subjectINFRASTRUCTURE INVESTMENT
dc.subjectINSURANCE SCHEMES
dc.subjectINTEREST RATE
dc.subjectINVESTMENT CLIMATE
dc.subjectINVESTMENT CLIMATES
dc.subjectINVESTMENT FLOWS
dc.subjectINVESTMENT IN EDUCATION
dc.subjectLABOR MARKET
dc.subjectLARGE POPULATION
dc.subjectLATIN AMERICAN
dc.subjectLOCAL FIRMS
dc.subjectLOCAL GOVERNMENTS
dc.subjectLOCAL INFRASTRUCTURE
dc.subjectLONG RUN
dc.subjectLOW INFANT MORTALITY
dc.subjectLOW SHARE
dc.subjectMACROECONOMIC ADJUSTMENT
dc.subjectMACROECONOMIC MANAGEMENT
dc.subjectMACROECONOMIC STABILITY
dc.subjectMARKET ECONOMY
dc.subjectMEDIUM TERM
dc.subjectMIGRATION
dc.subjectNATIONAL LEVEL
dc.subjectNATURAL GAS
dc.subjectNATURAL RESOURCE
dc.subjectNATURAL RESOURCES
dc.subjectNUMBER OF PEOPLE
dc.subjectOIL
dc.subjectOIL IMPORTS
dc.subjectOPEN DOOR
dc.subjectPER CAPITA GROWTH
dc.subjectPER CAPITA INCOME
dc.subjectPETROLEUM
dc.subjectPOLICY MEASURES
dc.subjectPOLICY RESEARCH
dc.subjectPOLICY RESEARCH WORKING PAPER
dc.subjectPOLITICAL SYSTEMS
dc.subjectPOOR COUNTRIES
dc.subjectPOOR FAMILIES
dc.subjectPOPULATION GROWTH
dc.subjectPOTENTIAL OUTPUT
dc.subjectPOVERTY REDUCTION
dc.subjectPOWER
dc.subjectPRIVATE INVESTMENT
dc.subjectPRIVATE INVESTORS
dc.subjectPRIVATE SECTOR
dc.subjectPROGRESS
dc.subjectPUBLIC EDUCATION
dc.subjectPUBLIC HEALTH
dc.subjectPUBLIC HEALTH EXPENDITURE
dc.subjectPUBLIC SPENDING
dc.subjectPUBLIC SUPPORT
dc.subjectPUBLIC TRANSPORTATION
dc.subjectPURCHASING POWER
dc.subjectPURCHASING POWER PARITY
dc.subjectRAPID GROWTH
dc.subjectREAL EXCHANGE RATE
dc.subjectREAL INCOMES
dc.subjectREFORM PROGRAM
dc.subjectRETAIL PRICE OF GASOLINE
dc.subjectRICH COUNTRIES
dc.subjectRURAL POPULATION
dc.subjectSAFETY NET
dc.subjectSAFETY NETS
dc.subjectSKILLED LABOR
dc.subjectSOCIAL CONFLICT
dc.subjectSOCIAL PROGRESS
dc.subjectSOCIAL SERVICES
dc.subjectSOCIAL SPENDING
dc.subjectSOCIAL WELFARE
dc.subjectSPACE HEATING
dc.subjectSTATE ENTERPRISES
dc.subjectSTRUCTURAL ADJUSTMENT
dc.subjectTAX INCREASES
dc.subjectTRADE BARRIERS
dc.subjectTRADE DEFICIT
dc.subjectTRADE INTEGRATION
dc.subjectTRADE LIBERALIZATION
dc.subjectTRADING SYSTEM
dc.subjectUNEMPLOYMENT
dc.subjectURBAN AREAS
dc.subjectURBAN MIGRATION
dc.subjectURBANIZATION
dc.subjectUSE OF ENERGY
dc.subjectVEHICLES
dc.subjectWAGES
dc.subjectWORLD ECONOMY
dc.subjectWORLD POPULATION
dc.subjectWTO
dc.titleAsian Century or Multi-polar Century?en
dspace.entity.typePublication
okr.crossref.titleAsian Century Or Multi-Polar Century ?
okr.date.doiregistration2025-04-10T09:17:35.892896Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2007/03/7471906/asian-century-or-multi-polar-century
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticePoverty
okr.globalpracticeTrade and Competitiveness
okr.globalpracticeHealth, Nutrition, and Population
okr.globalpracticeEnergy and Extractives
okr.guid116851468318326756
okr.identifier.doi10.1596/1813-9450-4174
okr.identifier.externaldocumentum000016406_20070320112343
okr.identifier.internaldocumentum7471906
okr.identifier.reportWPS4174
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2007/03/20/000016406_20070320112343/Rendered/PDF/wps4174.pdfen
okr.region.administrativeSouth Asia
okr.region.administrativeEast Asia and Pacific
okr.region.countryChina
okr.topicInternational Economics and Trade::Trade and Regional Integration
okr.topicHealth, Nutrition and Population::Population Policies
okr.topicEconomic Theory and Research
okr.topicEnergy::Energy Production and Transportation
okr.topicPoverty Reduction::Achieving Shared Growth
okr.topicMacroeconomics and Economic Growth
okr.unitDevelopment Research Group (DECRG)
okr.volume1 of 1
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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