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China s bid to stabilise its property market is causing jitters

China s bid to stabilise its property market is causing jitters
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East Asia s Paths to Industrialisation and Prosperity : Lessons for India and Other Latecomers in South Asia

New Delhi: Oxford University Press, 2019; pp xx + 295, ₹ 895. Oxford: Oxford University Press, 2019; pp xxiv + 577, price not indicated. Asia’s Journey to Prosperity: Policy, Market, and Technology Over 50 Years by Asian Development Bank,  Manila: ADB, 2020 (ebook), http://dx.doi.org/10.22617/TCS190290.   The transformation of Asia from its status as the most impoverished region to the growth locomotive of the world economy within five decades is unprecedented and nothing short of a miracle. The achievement seems all the more profound when juxtaposed with a very pessimistic outlook of Asia’s deve­lopment prospects made by Gunnar Myrdal in his three-volume tome  Asian Drama: An Inquiry into the Poverty of Nations, published in 1968.

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