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ASIAN ECONOMIC RECOVERY
Policy Options for Growth and Stability
edited by Tan Kong Yam (National University of Singapore)
The traditional Asian economic model was characterised by the strategy of state-directed, rapid industrial catching-up. The first-growth period for Japan was 1953–73, while that for the NIEs (Korea, Taiwan, Hong Kong and Singapore) was 1966–86. Between 1987 and 1996, prior to the Asian financial crisis, there was indication that Southeast Asia and coastal China had been replicating the same Asian economic model. While showing a considerable degree of success, the developmental model has its shortcomings, and the financial crisis in 1997–98 exposed the flaws in the economic and political structure. However, with IMF financial assistance, steady improvement in the trade balance, rising foreign reserves, and gradual corporate and banking restructuring, economic recovery began to take place in 1999 and 2000.
This book is a collection of papers presented at the Conference on "Asia in Economic Recovery: Policy Options for Growth and Stability", organised by the Institute of Policy Studies, Singapore, in June 1999. It discusses the issues and policy options regarding Asia's economic recovery.
Contents:
- Scenarios for East Asia's Recovery: How Different Will East Asia be
Post-Crisis?
- Future Exchange Rate Regimes for Developing East Asia: Exploring the Policy Options
- Corporate Governance in East Asia: Implications for Economic Efficiency
- The Role of the IMF in East Asia's Recovery: Lessons for the Future
- Regional Policy Options: An Agenda for Action
- G-3 Exchange Rates and the International Monetary System: Implications for East Asia
Readership: Students, academics and professionals in economics, finance and
management.
"Despite the heavy toll taken by the long publication lag, this book is still good value for money."
| Asian-Pacific Economic Literature |
| 308pp |
Pub. date: Apr 2002 |
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