Beyond the East Asian Crisis: The Path to Innovation and Economic Growth

Beyond the East Asian Crisis: The Path to Innovation and Economic Growth

by Anis Chowdhury
     
 

ISBN-10: 1840642734

ISBN-13: 9781840642735

Pub. Date: 01/01/2002

Publisher: Elgar, Edward Publishing, Inc.

Thirteen chapters presented by Chowdury (economics, U. of West Sydney, Australia) and Islam (economics, Griffith U., Australia) consist mostly of single country studies examining the reasons for the growth and sudden economic crises of the Asian economies in the late 1990s. Although specific reasons for the crises vary from country to country, two overarching themes…  See more details below

Overview

Thirteen chapters presented by Chowdury (economics, U. of West Sydney, Australia) and Islam (economics, Griffith U., Australia) consist mostly of single country studies examining the reasons for the growth and sudden economic crises of the Asian economies in the late 1990s. Although specific reasons for the crises vary from country to country, two overarching themes emerge from the material. The authors argue that while the authoritarian regimes of Asia were capable of delivering rapid growth and maintaining political legitimacy while foreign capital inflow continued at a steady pace, the continuance of that inflow delayed democratization and resulted in static regimes unable to develop innovative methods of dealing with social problems. Furthermore, the crises called into question policies promoted by the U.S. Treasury, the IMF, and the World Bank. Annotation c. Book News, Inc., Portland, OR (booknews.com)

Product Details

ISBN-13:
9781840642735
Publisher:
Elgar, Edward Publishing, Inc.
Publication date:
01/01/2002
Pages:
392
Product dimensions:
6.30(w) x 9.30(h) x 1.20(d)

Table of Contents

List of figures and boxes
List of tables
List of contributors
Acknowledgments
1Introduction: responding to the challenges of the post-crisis era1
2Beyond the crisis: development strategies in Asia30
3Revitalizing the Japanese economy50
4Paradigm shift in Korean economic policy in the wake of the 1997 financial crisis75
5Beyond Thailand's crisis: impact and implications101
6Indonesia: beyond shallow, export-led industrialization132
7Malaysia's recovery from the burst bubble166
8The East Asian crisis: the Philippines experience194
9Singapore in the aftermath of the Asian crisis231
10Weathering the Asian financial crisis: the experience of Taiwan256
11Why financial crisis may come to China but not Taiwan279
12Marketization, democracy and economic growth in China299
13The IMF and the new international financial architecture324
AppMacro indicators of the five victims of the East Asian crisis351
Index359

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