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9781783472192

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'The spectacular rise in Asian economies has reshuffled the distribution of world economic power, while the Global Financial Crisis brought it to the fore. The global economic and financial architecture, inherited from World War II, has not responded to such changes. Focusing mainly on financial and partly on trade issues, this book provides a welcome perspective from seasoned Asia experts on the prospective benefits of a new, more decentralized and regionalized architecture. It will be a timely read, coinciding with the launching of the BRICS' Development Bank.' -- Eric Girardin, Aix-Marseille School of Economics, France; former member of the Asian Development Bank Institute Advisory Council 'This edited volume makes a distinctive contribution to the literature on financial crises.' -- Linda Low, Journal of Southeast Asian Economies

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Edited by Masahiro Kawai, Project Professor, Graduate School of Public Policy, the University of Tokyo, Peter J. Morgan, Senior Consulting Economist, Asian Development Bank Institute, Tokyo, Japan and Pradumna B. Rana, Associate Professor, S. Rajaratnam School of International Studies, Nanyang Technological University, Singapore

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