Is Asia Ready for a Great Transformation?

If ever the Asian Development Bank’s schizophrenia was summed up in one document it is the draft report entitled “Asean, the PRC and India: The Great Transformation?” unveiled at last week’s annual meeting of the bank in Manila. Depending on how you read it, the document could be a replay of mid-1990s Asian hubris, a stern lecture to assorted governments on their failure to address fundamental domestic and cooperation issues, or a statement of China’s long-run superiority over both India and the Asean nations.

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