Reshaping Tomorrow : Is South Asia Ready for the Big Leap?

What will South Asia look like in 2025? The optimistic outlook is that India, which accounts for 80 per cent of the regional economic output, is headed towards double-digit growth rates. South Asia too will grow rapidly, primarily due to India. The pessimistic outlook is that, given huge transformational challenges facing the region, growth should not be taken for granted. Which of these two outlooks is likely to prevail? This is what this book is all about. It is about the future, and not the past, and how to make smart choices about the future. There is strong empirical justification in favor of the optimistic outlook. Growth will be propelled higher by young demographics, improved governance, rising middle class, and the next wave of globalization. There is democracy, for the first time since independence, in all countries in the region. Young demographics will result in nearly 20 million more people joining the labour force, every year, for the next two decades. Almost a billion people will join the ranks of the middle class. India's middle class is well-educated, enterprising, innovative, and more demanding of better services, products, and governance. The region will benefit from the new wave of globalization in services, and increased international migration and human mobility. Indeed the drivers of growth seem to have already moved from the rich world to the poor world. The room for catch-up is huge, given the big gap in average income between South Asia and the rich countries.

Bibliographic Details

Main Author:	Ghani, Ejaz
Format:	Publication biblioteca
Language:	English
Published:	New Delhi: Oxford University Press 2011
Subjects:	advanced economies, Age Distribution, Armed Conflict, Armed Conflicts, babies, baby, baby boom, bank lending, bank loans, bond, bond markets, business climate, business environment, business practices, cancer, Capital Account, Capital Flows, Capital Inflows, capital investments, capital market, capital market development, capital markets, central banks, Child mortality, child mortality rate, children per woman, civil wars, Climate change, communications technology, contract enforcement, corporate bond, Current Account Balance, Current Account Balances, Debt, decline in fertility, democracy, democratic accountability, Demographic, Demographic Change, demographic changes, Demographic Transition, demographic trends, dependency ratio, Dependency Ratios, Developing Countries, Disability, Dividend, domestic market, dynamic economies, economic crisis, economic development, Economic Growth, economic policies, Elderly, Elderly Population, emerging markets, emerging-market, employment opportunities, equity markets, exchange rate, Exchange Rates, existing population, exposure, family planning, family size, Fertility, Fertility Decline, fertility rate, Fertility Rates, fertility transition, financial crisis, financial inflows, financial integration, financial markets, financial system, Fixed Investment, foreign capital, Foreign Direct Investment, Foreign Exchange, foreign trade, Forest Cover, freedom of movement, future prospects, gender disparities, Global Development, global economy, Globalization, good governance, government policies, gross domestic product, Growth Rate, harmonization, Health problems, health sector, health services, human capital, human development, illnesses, Immigrant, Immigrants, immigration, immunization, improvements in child survival, income, income inequality, incomes, infant, infant deaths, infant mortality, infant mortality rate, informal economy, infrastructure investment, infrastructure projects, institutional mechanisms, intensive industries, interest rate, interest rates, internal conflicts, international markets, International Migration, international trade, Job Creation, job training, Labour Force, labour forces, labour market, labour markets, labour shortages, large cities, legal status, Liberalization, Life Expectancy, live births, local governments, low-income countries, macroeconomic management, market access, market development, market liquidity, Migrants, migration flows, migration policies, Modernization, monetary policies, movement of people, national borders, national level, Net Capital, number of children, output, outsourcing, participation of women, particular countries, peace, Policy Research, Policy Research Working Paper, political opposition, political stability, poor health, population ageing, Population Dynamics, Population Growth, Population Growth Rates, portfolio, portfolio flows, pregnancy, pregnancy-related causes, premature death, Private Capital, Private Capital Flows, progress, public policy, purchasing power, purchasing power parity, rapid expansion, Rapid growth, regional initiatives, Regional Integration, regulatory agencies, Remittance, Remittances, replacement level, reproductive health, reputation, Resource flows, resource needs, respiratory diseases, risk sharing, rural areas, safe water, Sanitation, Savings, segments of society, service providers, skilled workers, Small Countries, social cohesion, social conditions, social development, social protection, tax, technology transfer, transparency, unemployment, urban amenities, urban areas, urban infrastructure, urban migration, Urban Population, Urban Population Growth, Urbanization, volatile capital, volatilities, volatility, vulnerability, War, wars, woman, workforce, working-age Population, World Economy, young people,
Online Access:	http://hdl.handle.net/10986/16360
Tags:	Add Tag No Tags, Be the first to tag this record!