Abstract
Abstract Gunnar Myrdal published Asian Drama in 1968, which made important analytical contributions to our understanding of development but was deeply pessimistic about Asia’s future prospects. Since then, contrary to Myrdal’s expectations, Asia’s development has been remarkable, although transformations have been uneven across countries and unequal between people. This introductory chapter explains the conception and design of the study, which seeks to analyse the amazing story of economic development in Asia. It begins with reflections on Gunnar Myrdal, the author, and rethinking about Asian Drama, the book, in retrospect fifty years later. It then discusses some critical issues and lessons that emerge—diversity in development, history and context, economic growth and structural change, well-being of people, markets and governments, economic openness, and institutions and policies—to serve as a teaser. To conclude, it provides a brief narrative on the contents and scope of the book, meant as a road map for readers.
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