Today, India is as near as the voice answering an 800 number for one dollar an hour, and China is as close as the nearest Wal-Mart. Not since the United States rose to prominence a century ago have we seen such tectonic shifts in global power; but India and China are vastly different nations,...

This paper analyzes detailed differences in patterns of financial development across the major Asian economies, including three of the region's largest economies (China, Japan and South Korea), to understand how these differences might affect possibilities for greater regional financial...