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 Asian miracle had by no means run its course. This volume provides illuminating, analytic perspectives on key facets of the East Asian economies. It discusses weaknesses in the financial sector, corporate governance, exchange rate and trade policies, regulatory capability and proposes solutions. Several papers in the volume also discuss the complex political economy of development in East Asia and show how interaction among government, business, and the banking system must evolve to minimize the risk of periodic crisis. 'Rethinking the East Asian Miracle' is an indispensable reference for all those with an interest in East Asia's prospects in the early decades of the new century. A copublication of the World Bank and Oxford University Press.
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Shahid Yusuf is with the Development Economics Research Group at the World Bank.
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sequels seldom top the original,
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This review is from: Rethinking the East Asian Miracle (World Bank Publication) (Paperback)
There is a reason why people remember those James Bond movies with Sean Connery and forget the ones with Roger Moore. Follow-up to the World Bank's "East Asian Miracle" study, "Rethinking the East Asian Miracle" is an uneven conference volume. Despite its publication in 2001, none of the papers deal centrally with the Asian financial crisis. In several instances (Ito's overview, McKinnon on international monetary arrangement, Urata on FDI), authors simply go through the motions, rehashing their well-known positions on issues without adding any new insight. Woo on corporate governance is long on jargon and short on substance. The only paper that really presents new results is Lawrence and Weinstein on Japanese industrial policy, though Pack's dissection of the growth accounting debate as it relates to Asia is very informative. Some of the other papers (Okazaki on Japanese industrial policy, Perkins on corruption in China and Vietnam, Jomo on SE Asian capitalism) while not presenting new research per se, at least offer some interesting ideas.
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First Sentence:
The 1990s were interesting times for East Asia in the literal sense of the term and in the more ominous sense conveyed by the famous Chinese saying. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
intraregional dependence, bureau pluralism, noncrisis economies, intraregional bias, intrafirm technology transfer, net foreign exchange exposure, meta production function, industrial policymakers, independent accounting units, rural industrial sector, rural enterprises, yuan per capita, debtor economies, precrisis period, postcrisis period, impossible trinity, trade bias, rural industrialization, rural output, bilateral trade flows, same production function Key Phrases - Capitalized Phrases (CAPs): (learn more)
Hong Kong, United States, New York, Oxford University Press, Working Paper, Control Association, Republic of Korea, Cambridge University Press, International Monetary Fund, United Nations, European Union, National Bureau of Economic Research, South Korea, World Development, World War, American Economic Review, Latin America, University of Chicago Press, Brookings Institution, Taiwan Province, Asian Development Bank, Ministry of Finance, China Statistical Yearbook, Far Eastern Economic Review, Kim Dae Jung New!
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Front Cover | Table of Contents | First Pages | Back Cover | Surprise Me!
The 1990s were interesting times for East Asia in the literal sense of the term and in the more ominous sense conveyed by the famous Chinese saying. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
intraregional dependence, bureau pluralism, noncrisis economies, intraregional bias, intrafirm technology transfer, net foreign exchange exposure, meta production function, industrial policymakers, independent accounting units, rural industrial sector, rural enterprises, yuan per capita, debtor economies, precrisis period, postcrisis period, impossible trinity, trade bias, rural industrialization, rural output, bilateral trade flows, same production function Key Phrases - Capitalized Phrases (CAPs): (learn more)
Hong Kong, United States, New York, Oxford University Press, Working Paper, Control Association, Republic of Korea, Cambridge University Press, International Monetary Fund, United Nations, European Union, National Bureau of Economic Research, South Korea, World Development, World War, American Economic Review, Latin America, University of Chicago Press, Brookings Institution, Taiwan Province, Asian Development Bank, Ministry of Finance, China Statistical Yearbook, Far Eastern Economic Review, Kim Dae Jung New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Back Cover | Surprise Me!
Citations (learn more)
This book cites 100
books:
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58
books
cite this book:
See all 58 books citing this book
- The East Asian Miracle: Economic Growth and Public Policy (World Bank Policy Research Report) by The World Bank on 10 pages
- East Asia: The Road to Recovery by The World Bank on 4 pages
- Industrial Technology Development in Malaysia: Industry and Firm Studies (Routledge Studies in the Growth Economies of Asia) by Greg Felker on page 503, page 505, and page 507
- Governing the Market: Economic Theory and the Role of Government in East Asian Industrialization by Robert Wade on page 37, page 52, and page 507
- Handbook of Development Economics, Vol. 1 by Hollis Chenery on page 138, page 141, and page 458
See all 100 books this book cites
- Innovative East Asia: The Future of Growth (World Bank Publication) by Shahid Yusuf on 5 pages
- Emergent Economies, Divergent Paths: Economic Organization and International Trade in South Korea and Taiwan (Structural Analysis in the Social Sciences) by Robert C. Feenstra on 5 pages
- Global Change and East Asian Policy Initiatives (World Bank Publication) by Shahid Yusuf on 4 pages
- Annual World Bank Conference on Development Economics 2004: Accelerating Development (Annual World Bank Conference on Development Economics (Global)) by Francois Bourguignon on page 102, page 222, and page 238
- Multinationals and Economic Growth in East Asia: Foreign Direct Investment, Corporate Strategies and National Economic Development (Routledge International Business in Asia) by Shujiro Urata on page 19, page 62, and page 252
See all 58 books citing this book
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