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Asia is an increasingly significant player in the global economy, and Asia's unprecedented growth and multifaceted disparities have generated many fascinating issues for scholarly research. This paper summarizes the diverse regional policy and practices of Asia in the context of globalization and transition. We argue that research on Asia is embedded in the complex economic-geographical processes and multiple trajectories of development. This paper highlights the important role of institutions and global-local interactions in regional development and public policy. Resumen. Asia es un actor cada vez más importante en la economía mundial y su crecimiento sin precedentes y las múltiples facetas de sus disparidades han generado un buen número de tópicos fascinantes para la investigación académica. Este artículo resume las diversas políticas y prácticas regionales de Asia en el contexto de la globalización y la transición. Sostenemos que la investigación sobre Asia está inmersa en los complejos procesos económico-geográficos y múltiples líneas de desarrollo. El artículo pone de relieve el importante papel de las instituciones y las interacciones globales-locales en materia de desarrollo regional y políticas públicas. [ABSTRACT FROM AUTHOR]

For the past two decades, the fast-developing Asia has emerged as one of the most important economic regions. However, its economic growth is accompanied with severe software piracy. This paper analyzes productivity changes of 11 Asian economies and 4 non-Asian industrialized economies by taking into account software piracy using the Malmquist productivity index and its two components, efficiency change and technical change over the period 1994–2002. The results indicate that when software piracy is included, productivity growth in Asian developing economies regresses, while productivity growth in the four non-Asian industrialized economies improves. Interpretation and implications are provided. ( JEL L86, O34) [ABSTRACT FROM AUTHOR]

This article applies a game-theoretical analysis of institutions to the international institutional architecture, of which the G20 is treated as a central element. The article argues that international institutions such as the World Trade Organization or the International Monetary Fund are best understood as mechanisms for coordinating and supporting equilibria in repeated games played among policy-makers in the world's largest economies. The growth of the emerging economies, particularly in Asia, has altered these games, and there is no guarantee, with these new entrants and new issues that have emerged, that the old equilibrium strategies are still viable. The G20, it is argued, is best understood as an attempt to respond to this change and coordinate play on a new set of globally welfare-enhancing equilibria in these games. [ABSTRACT FROM AUTHOR]

The current crisis in Asia has seen the case for more open economic policy come under attack in the developing world. In this article Michael Chui, Paul Levine, Mansoob Murshed, and Joseph Pearlman argue that any reversal of the trend towards globalisation would be a great mistake for policymakers. The association of openness with higher growth is one of the most robust empirical results in economics. Here we explore the mechanisms that explain this result. We argue that current high growth rates in Asia are unsustainable and there is a long-term as well as a short-term problem of 'over-investment' in Asia. However, we report research findings that show how international knowledge spillovers and free trade can enable the world economy to grow, the developing countries to progress, and the developed countries to benefit. [ABSTRACT FROM AUTHOR]