Ch. 1. An East Asian perspective on religion and secularism / Prasenjit Duara -- ch. 2. Secularism and its limits / Ten Chin Liew -- ch. 3. The secular state and its challenges / Michael Heng Siam-Heng -- ch. 4. Rawlsian liberalism, secularism, and the call for cosmopolitanism / Saranindranath Tagore -- ch. 5. The Machiavellian problem and liberal secularism / Benjamin Wong -- ch. 6. Secularism, critical conviction and the 21st century project of the European Union : some thoughts from Asia / Barnard Turner -- ch. 7. Secular religiosity in Chinese politics : a Confucian perspective / Tan Sor Hoon -- ch. 8. State and secularism, the French Laïcité system / Anne-Cécile Robert and Henri Peña-Ruiz -- ch. 9. Secularism and the constitution : striking the right balance / Kevin Y.L. Tan -- ch. 10. Secularism and Vaidic worldview / Swami Agnivesh -- ch. 11. Secularism in India - a minority perspective / Asghar Ali Engineer -- ch. 12. The Pakistan Islamic state project : a secular critique / Ishtiaq Ahmed -- ch. 13. State and secularism in Bangladesh / Habibul Haque Khondker -- ch. 14. The state, Egyptian intellectuals, intolerance and religious discourse / Mona Abaza -- ch. 15. Perda, Fatwa and the challenge to secular citizenship in Indonesia / Robertus Robet -- ch. 16. Malaysia : multicultural society, Islamic state, or what? / Johan Saravanamuttu -- ch. 17. Religious revival and the emerging secularism in China / Zhao Litao -- ch. 18. State and religion in Turkey : which secularism? / Recep Sentürk -- ch. 19. Pragmatic secularism, civil religion, and political legitimacy in Singapore / Kenneth Paul Tan
“We live in paradoxical times. Traditionally, the West has led the world in theory and practice. Yet, recent developments, from COVID-19 to the storming of the US Capitol, show how lost the West has become. This loss of direction has deep roots. In their usual thoughtful and incisive fashion, Lim Mah-Hui and Michael Heng Siam-Heng, draw out the deeper origins of our current crises and show us a new way forward. A must-read for anyone who wants to understand our strange times." -- Kishore Mahbubani, founding Dean of the Lee Kuan Yew School of Public Policy, National University of Singapore, is the author of Has China Won? “A powerful and compelling critique of neoliberal globalization and its potentially devastating, but long underestimated, consequences for financial stability, the environment, social equity and democracy. COVID-19 has laid bare these dysfunctions and stresses. But this is not a pessimistic book. The authors argue, correctly, that we may be on the cusp of another Great Transformation. The choices we make today to make markets more resilient, improve social protection, and preserve our freedoms could lay the foundations for a sustainable globalization that works for future generations.” -- Donald Low, Professor of Practice in Public Policy and Director of the Institute for Emerging Market Studies, Hong Kong University of Science and Technology “This fascinating book highlights the interplay between financial and health crises that the COVID-19 pandemic exposed. Financialized capitalism is bad for the planet, bad for human health, and creates more unequal and insecure societies. The authors make a strong and convincing case for re-embedding markets into society and finance into the real economy.” --Jayati Ghosh, Professor of Economics, University of Massachusetts at Amherst, USA “Lim and Heng’s ambitious volume argues that 2020 was the year of the global ‘perfect storm’ of multiple crises, with the COVID-19 pandemic exacerbating financial, economic, socio-political and environmental breakdowns. They extend Karl Polanyi’s original insights to appeal for a sustainable global New Deal. While the reader may not agree with all their theses, the scope of their coverage and ambition will set the stage for debates over the annus horribilis.” -- Jomo K.S., Founder-chair, IDEAS www.network.ideas; former United Nations Assistant Secretary General "This book provides plenty of food for thought for many pondering if the COVID-19 crisis could lead to a major transformation of the global economic system shaped by unfettered market forces and policies of governments in their service."-- Yilmaz Akyuz, former Director, UNCTAD, Geneva
He, Breen, and Allison-Reumann combine qualitative and quantitative research to compare the successes and failures of attempts at federalism in Asian countries. Federalism is an increasingly common approach to improving governance and resolving ethnic conflict in Asia. However, Asian federalism faces three thorny problems. First, the ethnic federalism paradigm dominates political and intellectual life, rendering political compromise difficult and creating an obstacle to establishing or improving federalism in Asia. Second, religious fundamentalism and secular refusal to accommodate religious demands pose an existential threat to federal politics. Third, a majoritarian democracy is itself a threat to federalism in Asia and the peace and stability that it is meant to underpin. Through a truly comparative analysis, He, Breen, and Allison-Reumann investigate the potential for a hybrid-ethnic approach, religious moderation, and deliberative democracy to overcome these challenges. They analyse cases from across Asia – both successes and failures. These include countries encompassing the first generation of federalism in Asia – India, Malaysia, and Pakistan – and challenges faced by the new, emerging, and aspiring federal states, namely Nepal, Myanmar, and Sri Lanka. They demonstrate how federalism can be achieved through compromise and a continual renegotiation of its underpinning values. A vital resource for scholars of political systems in Asia and of federalism more broadly.
“We live in paradoxical times. Traditionally, the West has led the world in theory and practice. Yet, recent developments, from COVID-19 to the storming of the US Capitol, show how lost the West has become. This loss of direction has deep roots. In their usual thoughtful and incisive fashion, Lim Mah-Hui and Michael Heng Siam-Heng, draw out the deeper origins of our current crises and show us a new way forward. A must-read for anyone who wants to understand our strange times." -- Kishore Mahbubani, founding Dean of the Lee Kuan Yew School of Public Policy, National University of Singapore, is the author of Has China Won? “A powerful and compelling critique of neoliberal globalization and its potentially devastating, but long underestimated, consequences for financial stability, the environment, social equity and democracy. COVID-19 has laid bare these dysfunctions and stresses. But this is not a pessimistic book. The authors argue, correctly, that we may be on the cusp of another Great Transformation. The choices we make today to make markets more resilient, improve social protection, and preserve our freedoms could lay the foundations for a sustainable globalization that works for future generations.” -- Donald Low, Professor of Practice in Public Policy and Director of the Institute for Emerging Market Studies, Hong Kong University of Science and Technology “This fascinating book highlights the interplay between financial and health crises that the COVID-19 pandemic exposed. Financialized capitalism is bad for the planet, bad for human health, and creates more unequal and insecure societies. The authors make a strong and convincing case for re-embedding markets into society and finance into the real economy.” --Jayati Ghosh, Professor of Economics, University of Massachusetts at Amherst, USA “Lim and Heng’s ambitious volume argues that 2020 was the year of the global ‘perfect storm’ of multiple crises, with the COVID-19 pandemic exacerbating financial, economic, socio-political and environmental breakdowns. They extend Karl Polanyi’s original insights to appeal for a sustainable global New Deal. While the reader may not agree with all their theses, the scope of their coverage and ambition will set the stage for debates over the annus horribilis.” -- Jomo K.S., Founder-chair, IDEAS www.network.ideas; former United Nations Assistant Secretary General "This book provides plenty of food for thought for many pondering if the COVID-19 crisis could lead to a major transformation of the global economic system shaped by unfettered market forces and policies of governments in their service."-- Yilmaz Akyuz, former Director, UNCTAD, Geneva
The book analyzes the nature of Chinese economy which enables it to go through the financial tsunami pretty unscathed. It discusses the stimulus package designed by the Chinese government to keep the economy on course, as well as its results — both positive and negative aspects in the middle and long term.The 2008-09 financial crisis makes it very clear that we need a two-pronged approach to deal with the situation, namely governments need a) to take quick and decisive actions to stem any further deterioration in financial systems; b) to revamp their economies by refitting existing engines in the real economy. China, as the third largest economy in the world, and with its robust domestic consumption and a healthy financial system, is one of the most important drivers to pull the world out of recession.According to the Chinese leadership, China's main contribution is to keep its own economy running smoothly. In response to the crisis, the Beijing government has poured money into the following sectors: public housing, earthquake reconstruction, physical infrastructure, social security, education and healthcare. So far, the results have helped China to maintain the targeted high growth. Given the open nature of its economy, its high growth has also benefited other countries, thereby contributing to the global economy.The current crisis strengthens a trend that has emerged since the Asian financial crisis of 1997. And that is the enhanced economic integration of China with its East Asian neighbours and Southeast Asia. This augurs well for East Asian regionalism which may include the birth of Asian Monetary Fund.The global environment in the wake of the crisis poses new challenges to China, for example, in the form of shrinking size of its traditional export market in the USA and Europe. China needs to modify its strategy from previous export-oriented and investment-driven strategy into one with more emphasis on consumption. There is a lot of scope for China to embark on productive consumption such as cleaning up the environment, physical infrastructure, social security, education and healthcare. If done well, they will lay a firm basis for long-term economic development. It represents an occasion for China to embark on a nation-wide effort to upgrade its economy in the key sectors. At the same time, attention needs to be paid to improving economic-legal institutional framework to support China's role as a major global player.
Many books on the 2008 financial crisis and the current recession focus on the financial sector. Unlike them, this book takes the real economy as the starting point and it situates the downturn within the societal context over the last several decades. Important elements of the story include global manufacturing overcapacity and declining profitability, failure of advanced industrial economies to make a quantum jump in discoveries and innovations across a broad range of technologies, ascent of neo-liberalism after the fall of the Berlin Wall, the Asian financial crisis, the Japanese “lost decade”, and the dot-com boom. This provides the backdrop of the birth of a market society, deregulation, easy credit, and financial excesses.The financial crisis reveals much that has gone astray in the business world over the last few decades — short term thinking, manipulation of figures and image management at the cost of the basics. The financial sector has become an arena for accounting shenanigans and corporate skullduggery. It is also a symptom of deeper social and cultural change. Crisis of a very serious nature functions as a cleansing exercise. Already we have seen debates which re-examine values and ideas, state policy and business practices. If the world could rise to the challenge, history will view the crisis as a blessing in disguise and thus render it in positive terms.
The current financial crisis provides a valuable occasion for the world to re-examine the grand statements of wisdom which dominate the financial world for a long time. The impact is extremely serious as a result of the convergence of a number of factors such as huge current account deficits of the United States, globalization, deregulation, loose monetary policy, and excessive liquidity. This book seeks to address the critical issues in deregulation, derivatives, leveraging, remuneration systems, and rating agencies.This book will also examine Asia's response and why Asian economies have been less affected by the global financial crisis. Are corporate governance, culture, management styles or even a state-led model the main reasons? Would the Asian sovereign funds help to be the last line of defense against the excesses of the crisis? Is the US$80 billion Asian crisis fund envisaged as the first instance of a coordinated East Asian response to the crisis and would this truly underpin the creation of an East Asian regional order? This book reaffims the need for banks and financial institutions to provide value-adding services, exercise prudence and due diligence and pay due regard for societal interest.
We live in paradoxical times. Traditionally, the West has led the world in theory and practice. Yet, recent developments, from COVID-19 to the storming of the US Capitol, show how lost the West has become. This loss of direction has deep roots. In their usual thoughtful and incisive fashion, Lim Mah-Hui and Michael Heng Siam-Heng, draw out the deeper origins of our current crises and show us a new way forward. A must-read for anyone who wants to understand our strange times." -- Kishore Mahbubani, founding Dean of the Lee Kuan Yew School of Public Policy, National University of Singapore, is the author of Has China Won? "A powerful and compelling critique of neoliberal globalization and its potentially devastating, but long underestimated, consequences for financial stability, the environment, social equity and democracy. COVID-19 has laid bare these dysfunctions and stresses. But this is not a pessimistic book. The authors argue, correctly, that we may be on the cusp of another Great Transformation. The choices we make today to make markets more resilient, improve social protection, and preserve our freedoms could lay the foundations for a sustainable globalization that works for future generations." -- Donald Low, Professor of Practice in Public Policy and Director of the Institute for Emerging Market Studies, Hong Kong University of Science and Technology "This fascinating book highlights the interplay between financial and health crises that the COVID-19 pandemic exposed. Financialized capitalism is bad for the planet, bad for human health, and creates more unequal and insecure societies. The authors make a strong and convincing case for re-embedding markets into society and finance into the real economy." --Jayati Ghosh, Professor of Economics, University of Massachusetts at Amherst, USA "Lim and Heng's ambitious volume argues that 2020 was the year of the global 'perfect storm' of multiple crises, with the COVID-19 pandemic exacerbating financial, economic, socio-political and environmental breakdowns. They extend Karl Polanyi's original insights to appeal for a sustainable global New Deal. While the reader may not agree with all their theses, the scope of their coverage and ambition will set the stage for debates over the annus horribilis." -- Jomo K.S., Founder-chair, IDEAS www.network.ideas; former United Nations Assistant Secretary General "This book provides plenty of food for thought for many pondering if the COVID-19 crisis could lead to a major transformation of the global economic system shaped by unfettered market forces and policies of governments in their service."-- Yilmaz Akyuz, former Director, UNCTAD, Geneva
Ch. 1. An East Asian perspective on religion and secularism / Prasenjit Duara -- ch. 2. Secularism and its limits / Ten Chin Liew -- ch. 3. The secular state and its challenges / Michael Heng Siam-Heng -- ch. 4. Rawlsian liberalism, secularism, and the call for cosmopolitanism / Saranindranath Tagore -- ch. 5. The Machiavellian problem and liberal secularism / Benjamin Wong -- ch. 6. Secularism, critical conviction and the 21st century project of the European Union : some thoughts from Asia / Barnard Turner -- ch. 7. Secular religiosity in Chinese politics : a Confucian perspective / Tan Sor Hoon -- ch. 8. State and secularism, the French Laïcité system / Anne-Cécile Robert and Henri Peña-Ruiz -- ch. 9. Secularism and the constitution : striking the right balance / Kevin Y.L. Tan -- ch. 10. Secularism and Vaidic worldview / Swami Agnivesh -- ch. 11. Secularism in India - a minority perspective / Asghar Ali Engineer -- ch. 12. The Pakistan Islamic state project : a secular critique / Ishtiaq Ahmed -- ch. 13. State and secularism in Bangladesh / Habibul Haque Khondker -- ch. 14. The state, Egyptian intellectuals, intolerance and religious discourse / Mona Abaza -- ch. 15. Perda, Fatwa and the challenge to secular citizenship in Indonesia / Robertus Robet -- ch. 16. Malaysia : multicultural society, Islamic state, or what? / Johan Saravanamuttu -- ch. 17. Religious revival and the emerging secularism in China / Zhao Litao -- ch. 18. State and religion in Turkey : which secularism? / Recep Sentürk -- ch. 19. Pragmatic secularism, civil religion, and political legitimacy in Singapore / Kenneth Paul Tan
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