Preparing for the next Asia

Stephen Roach explains how the next two decades will bring dramatic changes to the region.

OCTOBER 2009

Asia has proven comparatively resilient against the current downturn, but hurdles still lie ahead. In order to maintain robust growth rates in the face of weak US demand, the region’s dynamic economies must stoke domestic consumption and embrace environmentally sustainable development policies. So says Stephen Roach, chairman of Morgan Stanley Asia and author of The Next Asia: Opportunities and Challenges for a New Globalization. In this video interview, Roach discusses prospects for increased integration and cooperation between the region’s economies, explores the pitfalls and potential for countries like India and Japan, and considers whether the “Asian Century” has finally arrived. Clay Chandler, Asia editor with McKinsey’s publishing group, spoke to Roach in Hong Kong in August 2009.

Watch the video, or read the transcript below.



http://www.mckinseyquarterly.com/Economic_Studies/Country_Reports/Preparing_for_the_next_Asia_2452

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