Contemporary Asian experience of digitalization and sustainable development in economy and management. A review of the book “Business and management in Asia: digital innovation and sustainability” (Springer, 2023)

Abstract

Entering the markets of Asian countries and developing cooperation with their business structures are important tasks, which makes it relevant to study current trends in economic and management changes in these countries. This work is a review of a book on the Asian experience of digitalization and sustainable development, as well as published by one of the leading international publishing houses. It contains nine chapters, the contents of which are analyzed, summarized and interpreted (where necessary). Basically, the book authors draw attention to the active, but in some places only the initial course of transformations, which not only respond to the current challenges of socio-economic development, but also form fundamentally new ones. The book identifies some features of management practices (at the state and corporate levels) that reflect different approaches to digitalization and acquisition of sustainability, preferred in Asian countries. The inextricable connection of economic and managerial transformations with social development in general is shown. Special attention is paid to the urgent need for personnel (including management personnel) with specific competencies, which has already been encountered in a number of Asian countries. During the review, certain shortcomings of the publication were identified, in particular, the excessive mixing of the “western” and “eastern” visions. Nevertheless, the book is recommended to domestic specialists for a deeper understanding of the economic transformations currently taking place in Asia.

Keywords

• business leadership
• state governance
• innovations
• corporations
• cultural peculiarities
• education
• asian countries
• sustainability
• digital management
• human capital
• economic development