1 Emerging States and Economies in Asia: A Historical and Comparative Perspective (Takashi Shiraishi) -- 2 Globalization and the Emerging State: Past Advance and Future Challenges (Keiichi Tsunekawa) -- 3 Emerging States in Global Economic History: A Perspective from Monsoon Asia (Kaoru Sugihara) -- 4 Financing Colonial State Building: A Comparative Study of the 19th Century Singapore and Hong Kong (Takeshi Onimaru) -- 5 China’s Emerging State in Historical Perspective (R. Bin Wong) -- 6 A History of the Indian Economy in Asian and Global Contexts, 1810s-2010s (Sugata Bose) -- 7 Middle-Income Trap in Emerging States (Tetsushi Sonobe). .

Open Access

This open access book asks why and how some of the developing countries have “emerged” under a set of similar global conditions, what led individual countries to choose the particular paths that led to their “emergence,” and what challenges confront them. If we are to understand the nature of major risks and uncertainties in the world, we must look squarely at the political and economic dynamics of emerging states, such as China, India, Brazil, Russia, and ASEAN countries. Their rapid economic development has changed the distribution of wealth and power in the world. Yet many of them have middle income status. To global governance issues, they tend to adopt approaches that differ from those of advanced industrialized democracies. At home, rapid economic growth and social changes put pressure on their institutions to change. This volume traces the historical trajectories of two major emerging states, China and India, and two city states, Hong Kong and Singapore. It also analyzes cross-country data to find the general patterns of economic development and sociopolitical change in relation to globalization and to the middle income trap.