Asean Business In Crisis

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The impact of the Asia crisis has contributed to the debate about the need for regulation of global markets. This book outlines the events leading up to and during the Financial Crisis of 1997 and assesses the responses of the financial contagion. The potential for economic reform is discussed and the willingness of legislators in South East Asia to create a new legal infrastructure to control business is studied. The discussion moves to the political arena, where the extensive use of the internet as a new medium is discussed using Malaysia as a case in point. The next section focuses on specific themes relating to labour, capital and political business. It studies the response of Malaysian labour to the financial and political crisis. Another contribution explores the tourism industry in Bali, and Indonesian economic and social meltdown. Finally, it examines the vulnerability of fast growth in the Thai telecommunications industry and the development of third world multinationals is assessed. Unfolding tensions between local and expatriate staff as a result of multinational corporate restructuring are explored.
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Editorial Reviews

Contributors from management, economics, politics, sociology and social anthropology focus mostly on the economics of the Asian crisis of the early 1990s, and on members of the Association of South East Asian Nations, particularly Thailand, Malaysia, and Indonesia. One major concern is to distinguish between immediate triggers and underlying causes of the crisis. The nine articles also appeared in vol. 8 no. 2 (winter 2001). Distributed in the US by ISBS. Annotation c. Book News, Inc., Portland, OR (
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Product Details

  • ISBN-13: 9780714652634
  • Publisher: Taylor & Francis
  • Publication date: 11/29/2002
  • Series: Studies in Asia Pacific Business
  • Pages: 204
  • Product dimensions: 6.14 (w) x 9.21 (h) x 0.56 (d)

Table of Contents

Introduction: The Culture and Context of the ASEAN Business Crisis 1
The Causes of South East Asia's Economic Crisis: A Sceptical Review of the Debate 19
The Economic Crisis and Law Reform in South East Asia 49
The Internet, Email, and the Malaysian Political Crisis: The Power of Transparency 59
Malaysian Unions in Political Crisis: Assessing the Impact of the Asian Contagion 73
Tourism and Total Crisis in Indonesia: The Case of Bali 101
The International Expansion of Thailand's Jasmine Group: Built on Shaky Ground? 121
Downsizing the Thai Subsidiary Corporation: A Case Analysis 149
Conclusion: ASEAN Economic and Institutional Development in Perspective 171
Notes on Contributors 183
Abstracts 185
Index 189
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