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Asia Policy

NBR is establishing a consortium of leading Asian research institutions and universities to support and extend the reach of Asia Policy, facilitating the exchange of regional and U.S. perspectives. NBR is pleased to have the S. Rajaratnam School of International Studies (RSIS) at Nanyang Technological University in Singapore and the College of Asia and the Pacific at the Australian National University as consortium partners. For more information about the consortium, please contact publications@nbr.org.

Asia Policy is a peer-reviewed scholarly journal presenting policy-relevant academic research on the Asia-Pacific that draws clear and concise conclusions useful to today’s policymakers. All Asia Policy content is free for 60 days after publication. Book Review Roundtables, Book Reviews, and Policy Q&As are always free.

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Asia Policy Editors:

C. Christine Fair

Mark W. Frazier

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Asia Policy 6 (July 2008)

This issue of NBR’s journal Asia Policy features a policy Q&A on Islamic finance, two articles on leadership and generational change in China and Japan, an essay on securing Southeast Asia’s sea lanes, and an essay on the absence of mechanisms in China to manage the risks resulting from rapid industrial development. Also featured is a book review roundtable on David Kang’s China Rising.

Table of Contents

Policy Q&A
Understanding Islamic Finance: Local Innovation and Global Integration
Shamshad Akhtar, Zeti Akhtar Aziz, Robert W. Hefner, Nik Norzrul Thani, Angelo Venardos, Frank E. Vogel and Ibrahim Warde

Articles
Prosperity’s Children: Generational Change and Japan’s Future Leadership
J. Patrick Boyd and Richard J. Samuels

China’s Fifth Generation: Is Diversity a Source of Strength or Weakness?
Cheng Li

Securing Southeast Asia’s Sea Lanes: A Work in Progress
Ian Storey

The “Sixth Modernization”? China, Safety, and the Management of Risks
Richard P. Suttmeier

Book Review Roundtable
David C. Kang's China Rising: Peace, Power, and Order in East Asia
Evelyn Goh, Ellen L. Frost, Christopher P. Twomey, Jalal Alamgir, Bin Yu, Peter Van Ness and David C. Kang