Asia Policy 6 (July 2008)

Asia Policy 6
July 2008

July 1, 2008 ISSN 1559-0968

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.

Policy Q&A

Understanding Islamic Finance: Local Innovation and Global Integration

Nik Norzrul Thani, Zeti Akhtar Aziz, Robert W. Hefner, Ibrahim Warde, Shamshad Akhtar, Frank E. Vogel, and Angelo Venardos


Prosperity’s Children: Generational Change and Japan’s Future Leadership

Richard J. Samuels and J. Patrick Boyd


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

David C. Kang, Jalal Alamgir, Evelyn Goh, Ellen L. Frost, Bin Yu, Peter Van Ness, and Christopher P. Twomey

About Asia Policy

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. Asia Policy is published quarterly in January, April, July, and October and accepts submissions on a rolling basis. Learn more