The World Bank has completed a major study of East Asian growth every four years, beginning with the seminal The East Asian Miracle in 1993. Three major developments since the early 1990s call for a reexamination of East Asian growth: the meteoric rise of China, the economic crisis of the...

The region has been transformed by these developments, changing from a set of countries that rapidly integrated with the world to one that is also aggressively exploiting the sources of dynamism that lie within Asia. But countries in East Asia now face the domestic side-effects of rapid growth...

Europe's growth will have to be golden in yet another sense. Economic prosperity has brought to Europeans the gift of longer lives, and the continent's population has aged a lot over the last five decades. Over the next five, it will age even more by 2060; almost a third of Europeans will be older...