World Economics, 2004, vol. 5, issue 3, pages 75-93
The now largely forgotten book Asian Drama: An Inquiry into the Poverty of Nations by Swedish social scientist Gunnar Myrdal was published in 1968. Myrdal called his book â€œAsian Dramaâ€ because of the tensions he saw being played out in Asia between modern ideals and the traditional. But there was another drama tooâ€” the tension being played out, within the â€˜modern projectâ€™, between the different economic strategies that were on offer. It is this particular drama that Tim Lankester focuses on in the context of India and Indonesia over the three decades from the midâ€“1960s. And for both these populous countries, there are dramas still to be played out. Both countries have new elected governments this year, and growth prospects of their economies largely will depend on to what extent remaining reform and governance issues are tackled.
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