Rethinking the East Asian Miracle

This volume provides analytical perspectives on key facets of the East Asian economies after the crisis of 1997-99. It discusses weaknesses in the financial sector, corporate governance, exchange rate and trade policies and regulatory capability and proposes suitable remedies.

The crisis which gripped East Asia during 1997-99 underscored the urgency for cross-sectoral reform just as the strong revival of virtually all the economies in the region convinced the doubters that the East Asia miracle had by no means run its course. This volume provides analytical perspectives on key facets of the East Asian economies. It discusses weaknesses in the financial sector, corporate governance, exchange rate and trade policies and regulatory capability and proposes remedies.