This post recognizes the error in assuming that all Asian countries are undergoing similar socio-cultural-economic processes and placing diverse Asian countries on the same trajectory of development.
That said, when identifying and ranking important macro-structural trends in Asia, one must keep in mind the larger context of modernity within which these trends exist. The Asian nation-states are facing the structural, economic and socio-cultural trends so particular to modernity, namely globalization, contradictions of nationalism, and security problems that originate from the wrestling with conceptions of identity.
Asian nation-states are wrestling with neo-liberal globalization in this era of deterritorialized production and virtual capital, and trying to gain more economic security through inter-economic cooperation and alliances such as ASEAN and APEC. One example of inter-economic cooperation is the call for a Euro-style common currency. Yet, a trend particular to capitalist modernity is the creation of hierarchies of race, class and gender, and uneven development that tends to alienate and marginalize internal populations. Coupled with this is the fact that the core powers of the U.S., Western Europe and Russia have a vested interest in keeping Asia as semi-peripheral and prevent it from initiating a common currency, which would pose a definite threat to the current economic order of things. Therefore, they encourage foreign direct investment and neo-liberal development, and the U.S. specifically depends on China and Japan to finance its trade deficit. However, with Asian states slowly coming out of their financial crisis and looking for security in this era of increasing globalization, the trend is definitely towards more economic cooperation and integration.