Economic Transformation of Asia: Learning and Lessons from a Half-century of Development


  • Date: February 4th, Tuesday, 2020 10:30-12:00
  • Location: Room 303, SNUAC (Bldg. 101)

Speaker: Deepak Nayyar (Emeritus Professor of Economics, Jawaharlal Nehru University, New Delhi)

* This seminar will proceed in English.


From the beginning of the 1920s and into the 1960s after the end of WWII, most countries in Asia except Japan have continued to see a decrease in GDP and population. While the absolute figure for GDP has increased, the value and growth rate have continuously decreased compared to the population growth rate. However, after the 1960s, this situation was reversed as rapid industrialization took place in 14 regions of Asia – China, India, Vietnam, Singapore, South Korea, Indonesia, etc. – and it is even predicted that Asia can take up to half of the world’s population and GDP by mid-21st century. In this lecture with Prof.  Deepak Nayyar, we examined the subtle changes shown with variables such as history, politics, culture, diplomacy among others within the common trends of economic situations that the 14 Asian regions have shown in modernity, and specifically explored whether the so-called Asian hegemony is really possible.