Beyond the Asian Crisis: Pathways to Sustainable Growth (Elgar Monographs) [Hardcover]

Anis Chowdhury (Editor), Iyanatul Islam (Editor)

Book Description

ISBN-10: 1840642734 | ISBN-13: 978-1840642735 | Publication Date: January 30, 2002

As Southeast and Northeast Asia recover from the Asian crisis and return to a state of growth, the authors of this book assess the lessons to be learned from the crisis to achieve sustainable development in the future. While the importance of each factor contributing to the crisis varies from country to country, their collective experience has created unprecedented turmoil in current thinking on development policy. The authors argue that the major schools of thought need paradigm changes in the wake of the crisis. Those who believe that a "strong state" or system of semi-democracy is essential for economic growth have been disproved by the sudden collapse of these economies. These countries must now adapt to the fact that society must be open to ideas and democratize its polity to achieve innovation-driven sustainable development. Those who used the success of East Asian economies as a vindication of the neo-classical orthodoxy, referred to as the "Washington consensus", must now see the follies of progressive withdrawal of the government from the economic sphere and of unfettered flows of short-term capital. This book offers a timely and reflective analysis of the Asian financial crisis and brings together a detailed overview of the different and often competing responses within the countries of the region. It should be welcomed by students and scholars with an interest in Asian economics, development studies, international political economy and international relations.

Editorial Reviews

About the Author

Anis Chowdhury, Associate Professor of Economics, School of Economics and Finance, University of Western Sydney, Australia and Co-editor, Journal of the Asia Pacific Economy and Iyanatul Islam, Associate Professor of Economics, School of International Business, Griffith University, Australia and Co-editor, Journal of the Asia Pacific Economy

Product Details

• Hardcover: 373 pages
• Publisher: Edward Elgar Pub (January 30, 2002)
• Language: English
• ISBN-10: 1840642734
• ISBN-13: 978-1840642735
• Product Dimensions: 9.2 x 6.2 x 1.2 inches
• Shipping Weight: 1.4 pounds (View shipping rates and policies)
• Amazon Best Sellers Rank: #9,141,174 in Books (See Top 100 in Books)