Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/190197 
Authors: 
Year of Publication: 
2018
Series/Report no.: 
WIDER Working Paper No. 2018/150
Publisher: 
The United Nations University World Institute for Development Economics Research (UNU-WIDER), Helsinki
Abstract: 
Gunnar Myrdal published Asian Drama in 1968, a work which made important analytical contributions to our understanding of development but was deeply pessimistic about Asia's future prospects. Since then, contrary to Myrdal's expectations, Asia's development has been remarkable, although transformations have been uneven across countries and unequal between people. This paper explains the conception and design of the UNU-WIDER study on Asian Transformations, which seeks to analyse the amazing story of economic development in Asia over the past 50 years. It begins with reflections on Gunnar Myrdal, the author, and rethinking Asian Drama, the book, in retrospect 50 years later. It goes on to outline the rationale and objective of the study. It then discusses some critical issues and lessons that emerge - diversity in development, history and context, economic growth and structural change, wellbeing of people, markets and governments, economic openness, and institutions and policies - to serve as a teaser. It concludes with some brief reflections on Asia's future prospects over the next 25 years.
Subjects: 
Asian Drama
development
governments
Gunnar Myrdal
history
industrialization
institutions
markets
openness
transformations
JEL: 
B20
B31
B41
O10
O20
O53
O57
P50
Persistent Identifier of the first edition: 
ISBN: 
978-92-9256-592-3
Document Type: 
Working Paper

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