Year
2018
Publisher
ANU Press
Language
English
Pages
16
ISBN
978-1-76046-175-1
Last Update
06-Oct-2025
Keywords
Political Science
The global economy is confronted by huge uncertainties and challenges to the global trading system and global growth. The slow recovery from the global financial crisis (GFC) of 2007 and 2008 has led to protectionist forces and a backlash against globalisation in Europe and the US that threatens the global openness on which many countries, especially those in Asia, rely for development, peace and stability. In 1950, Asian per capita income, averaged across the region, was about 7 per cent of US per capita income; 60 years later, it was 21 per cent of US per capita income (The Maddison...
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