Economic Reform in Asia

Economic Reform in Asia

China, India, and Japan

Sara Hsu

Economic Reform in Asia compares and analyzes the reform and development patterns of China, India, and Japan from both historical and developmental perspectives. Sara Hsu specifically focuses on China’s reform and opening-up in 1979, India’s accelerated liberalization in 1991, and the outset of the Meiji Restoration in Japan in 1878. This detailed overview of growth patterns in Asia’s largest economies is invaluable, especially in its determination to understand which development policies work, what role institutions play in development, and what issues may arise during said development.

Chapter 11: Economic future of China, India, and Japan

Sara Hsu

Subjects: asian studies, asian development, asian economics, economics and finance, asian economics


Given past levels of success, one might presume that growth and development will continue without very high barriers to progress. Expectations are certainly great that advancement will continue. Japan is a case that we can study since its “future,” or post-reform period, has already been under way for two decades. China and India are facing limitations that may or may not prove insurmountable, depending on both external global circumstances and internal policies. In this chapter, we discuss the case of Japan, as well as potential economic futures of China and India.

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