Readership: Academics, policymakers, and Asian specialists.
Yung Chul Park, Seoul National University
"Throughout the text, Park offers a commendable balance of theoretical and empirical analysis...As a result, Park is able to reach out to a wider academic audience." - Christopher M. Dent Asian Affairs
Successes and Failures of the East Asian Development Paradigm 1: Introduction 2: Characteristics and Successes of the East Asian Development Paradigm 3: Development Policies and Governance 4: Failures of the East Asian Development Model: An Overview 5: Failures in Governance and Institution Building 6: Weaknesses of the Corporate and Financial Sector The Asian Crisis: Causes and Consequences 7: The Build-up of the Crisis 8: Causes of the East Asian Crisis: Structural Weakness vs. Liquidity Panic View 9: A Reevaluation of the IMF Reform Program: Wrong Diagnosis and Wrong prescription 10: The IMF Structural Reform: Inconsistencies in the Program Institutional Reform: Challenges and Prospects 11: Reform of Government and Industrial Policy 12: Institution Building for Governance 13: Corporate Sector Reform 14: Social Welfare and Industrial Relations Financial Liberalization and Opening 15: Progress in and Prospects for Financial Reform 16: Exchange Rate Regimes: Fear of Floating 17: Capital Account Liberalization Economic Integration in East Asia 18: Trade Integration 19: Financial Integration 20: Prospects for Economic Cooperation and Integration 21: Reserve Accumulation in East Asia and Trans-pacific Trade Imbalance Whither Economic Liberalization and Integration in East Asia? 22: In search of a New East Asian Paradigm of Development 23: A Long Road to Anglo-Americanization 24: New Paradigm of Development: A Mixed Economy Model 25: Concluding Remarks
