Kemal Dervis, Masahiro Kawai, and Domenico Lombardi (eds.). Asia and Policymaking for the Global Economy. Asian Development Bank Institute, Tokyo. Washington, D.C.: Brookings Institution Press, 2011. 200 pages, USD 19.95.

Asia and Policymaking for the Global Economy is a collectionof analysis on global economic cooperation. In particular it highlightsAsia’s accomplishments, opportunities, its potential, and the role itcan play in the global economy. It is divided into five chapters eachconstituting a different insightful article. The first chapter gives anintroduction and an over view of the topics analysed in this book. Itfocuses on the structural transformation in Asia and the world economy,and discusses the rise of Asia and implications for economiccoordination at international level. The second chapter focuses ongrowth dynamics in Asia in a global context. It provides an importantcontribution to the subject issue as it analyses the sources ofstructural transformation experienced by world economy. It suggests thatpolicy-makers should focus on global savings and investment structuresto rebalance world economy. The rebalancing debate is then connected tothe debate on the international monetary system and role of reservecurrencies in this chapter.