Introduction: the Asian economy in the Asian century Part I New dimensions of the Asian economy 1. Transforming Asia: how the Asian economy has been discussed 2. Asianizing Asia: the rise of intra-regional trade and economic integration 3. China reshaping Asia: economic transition and the rise of an economic superpower Part II Borderless Asia 4. Factory Asia: global value chains and local firm development 5. Capital Asia: growth and capital flows 6. Migrating Asia: labor mobility in an interdependent and connected world Part III Dynamic Asia 7. Innovating Asia: growth pattern changes in post-middle-income economies 8. Urbanizing Asia: cities transforming into mega-regions 9. Informalizing Asia: the other dynamics of the Asian economy Part IV Asia at a crossroads 10. Ageing Asia: from demographic dividend to demographic tax 11. Unequalizing Asia: from poverty to inequality 12. Environmentally challenged Asia: in the context of backwardness and diversity Conclusion: competing Asia, co-existing Asia