This book is a compendium of papers on various new movements that emerged after the Asian financial crisis, which lead to Asia becoming the enhanced growth center of the world.

Beginning with the analysis of the Asian crisis and the subsequent capital flight, the book goes on to study the impact of these events on the Hong Kong economy, the role of the government in Indonesia and financial restructuring in Thailand. The book then explores the new movement of regional cooperation, such as Free Trade Agreement, and financial cooperation and integration. On the real side of the economy, the book delves into issues such as cooperation between Japan and China, development of the Greater Mekong sub-region, growth of China, fiscal coordination in Korea, technological network in East Asia, and growth and inequality in Vietnam.

Contents:

• Determinants of Asian Capital Flight and the Impact of 1997 Economic Crisis (P Chunhachinda & K Sirodom)
• The Asian Financial Crisis, Deflation, and Structural Change in Hong Kong (A K F Siu & Y-C R Wong)
• Indonesian Economic Recovery Process and the Role of Government (S M Indrawati)
• Financial Crisis and Restructuring in Thailand (J Charoenseang & P Manakit)
• East Asia FTA: Economic Modalities, Prospects and Further Implications (S Chirathivat)
• A Fundamental Scope for Regional Financial Cooperation in East Asia (A Kohsaka)
• Financial Cooperation and Integration in East Asia (Y-J Wang)
• Integrating the Two Asian Economic Giants: Japanese Multinational Corporations in China (K C Fung et al.)
• The Development of the Greater Mekong Subregion (GMS): Real Promise or False Hope? (M Krongkaew et al.)
• Investment-Growth Nexus in China: A Comparative Perspective (J Zhang)
• Corporate Governance and State-Owned Shares in China Listed Companies (Q Qu)
• Fiscal Performance, Public Debt and Fiscal Consolidation in Korea (M K Chung)
• Foreign Ownership, Technological Intensities and Network Strength: Electronics Firms in East Asia (R Rasiah & R Kumar)
• Growth with Equity Over Vietnam's Economic Transition: A Political Economy Perspective (S Fritzen)