To Myrdal, the most salient and historically unique characteristic of modern America is that the upper two-thirds of the population live in affluence of a kind which can potentially lead to satisfaction of long-held liberal and even Utopian ideals.

Including in-depth contributions by eminent economists and social scientists, 'Asian Transformations' examines the phenomenal changes transforming economies in this continent and shifting the balance of economic power in the world, while reflecting on the future prospects in Asia over the next...