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Full Description
Coronavirus disease (COVID-19) has been an unprecedented, once-in-a-century gamechanger for the world. The central focus of Post-COVID Asia is the new world that will emerge after the coronavirus. In particular, this book explores how deglobalization will proceed in the post-COVID world and what kind of impact deglobalization will have on Asian economies. After all, in the last few decades, Asia has leveraged globalization to become the world's fastest-growing, most dynamic region. Therefore, an urgent challenge facing Asian economies is to figure out how to survive and thrive when the globalization which served them so well is giving way to deglobalization.Opportunities have emerged for Asian economies amid the winding down of the third wave of globalization. In fact, the next wave of globalization is already beginning to take shape, in tandem with the Fourth Industrial Revolution, which is full of exciting new technologies. This book offers insights that would help governments, companies and people in Asia to ride the next wave of globalization to power their prosperity.
Contents
World after Coronavirus: COVID-19 will Accelerate Deglobalization: Another Great Depression?; Global Value Chain is Halted; Exit from China and Reshoring; Deglobalization Gains Momentum; Root Causes of Deglobalization: A Brief History of Globalization; Widening Income Inequality Triggers Resentment Toward Globalization; Catchup Causes Tension Between Advanced Economies and Emerging Markets; Fourth Industrial Revolution will Reshape the Global Value Chain; Population Aging Leads to Secular Stagnation; World after Coronavirus: History Repeats Itself; Cold War Between America and China; Fourth Industrial Revolution Gathers Speed; Fourth Wave of Globalization will be Digital Globalization; Asia's Critical Choices: A Tough Road Ahead: Deglobalization Pushes Asian Economies to the Brink; Asia's Looming Demographic Crisis; Asia's Widening Inequality and Polarization; Asia's Environmental Degradation; Riding the New Wave of the Fourth Globalization and the Fourth Industrial Revolution: Outward-Looking Growth is a Necessity, Not A Choice; Asia as the Agenda Setter of the New Wave of Globalization; Asia Must Ride the Wave of the Fourth Industrial Revolution; Lessons from Countries at the Forefront of the Revolution; Beyond Smart Cities to Smart Countries; Sustainable Development in Post-COVID Asia: Thinking Outside the Box to Overcome the Population Crisis; An A-System of Sustainable Development Unique to Asia; Inclusive Growth for Sustainable Development; Green Growth for Sustainable Development; An Asian New Deal Based on Three Axes; Final Thoughts: Toward Pax Asiana;
