Globalization in Asia – Emerge or Retreat Jayati Ghosh

Dr. Jayati Ghosh opened the lecture by noting that developing Asia is often presented as the success story of globalization, yet its links to global markets have changed over the decades. The early success stories of globalization were those of the newly industrializing countries su including Taiwan, South Korea, Hong Kong, and Singapore. Then came China and the ASEAN-4 that experienced export-led growth. Since the 2000s, the focus has shifted to their integration in global capital markets as a means of economic diversification and to expand global financial services and related activities. In this light, a key feature of Asian globalization in the last two decades has been financial integration……

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(This article was originally published on the UNIVERSITY OF THE PHILIPPINES website)