This is an ideal text for students of economic development (in or outside the academic walls) seeking to deepen their understanding of the `Great Ascent' undertaken by Asian economies in the last 25 years. Dr. Felipe builds upon the foundations of classical development models a conceptual structure attuned to the challenges of globalization, inclusive growth and full employment. The book contains a wealth of information presented in well-designed tables (12), Figures (25) and outstanding Boxes for China, India, Korea, Malaysia, Pakistan, The Philippines and Singapore.
In addition, the solid theoretical and empirical aspects of the book do not overshadow Dr. Felipe's concern for the impact of development on the human condition. Indeed Dr. Felipe envisions the development path to encompass the necessity of full employment. In his perspective such development should not limit itself to gauging the success achieved in GDP expansion. What is needed instead is a comprehensive effort, sustained by government policies, to enrich the human condition. I certainly believe that the scope and depth of this book surpass the framework of standard texts and wholeheartedly recommend its adoption and study.