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It is interesting to note that after two years of recession in East Asia, almost all the countries in this region are rising again. In the wake of that sudden onslaught on the economies of East Asia, many new questions have come to the fore (and are waiting for the right answers), such as: How could the Asian countries have become so weak as to totally succumb to the financial crisis? What were the real causes of the crisis? What policy measures have the affected countries taken to combat the crisis and how effective have they been? As for the argument of OC hands-off policyOCO versus OC government interventionOCO, which approach was more appropriate for curbing the expansion of the crisis? ...
Based on the 2006 Indonesia Update Conference held at the Australian National University, 2006.
An examination of the political and economic causes and consequences of the Asian financial crises.
Building A Modern Financial System provides penetrating insights into the upheavals in Indonesia, and explains the kinds of policies that can lead to the development of a modern financial system in a large, relatively underdeveloped country. The study covers all facets of the financial system, emphasising the role of the monetary authorities, the transition from government-dominated to a predominantly private banking system, and the rapid expansion of the capital market. Indonesia is a particularly interesting case because its economy and financial system was in shambles in the mid-1960s owing to political adventurism and economic mismanagement. Until more recently sensible economic policies and growth-promoting reforms provided a sound financial system and a balanced expansion of agriculture and industry. However since the mid-1990's the stability of the Indonesian system has once again been called into question.
The current economic crisis in East Asia is unprecedented in world economic history. It seemed the economic strength of the region, until very recently, would just keep growing. Now, the macroeconomic achievements of Asia are under threat and the economies of North America and Europe are feeling the results. This book brings together the thoughts of leading experts on the Asian economy and provides a broad and thorough analysis of the situation. It provides case studies from fourteen countries in the region, how the crisis developed and affected them, and the response from governments. There are other non-country specific chapters with a strong theoretical content which address issues such as causation, how such a crisis should be handled, how it might be avoided in the future, and the likely implications for on-going deregulatory and other economic reforms. This is an important authoritative account of one of the most extraordinary economic events and provides a broad synthesis of case studies and theoretical approaches from a variety of researchers with an intimate knowledge of the region.
This book appeals to a wide range of readers who might be interested in the historical development of Asian economies, evolutionary trajectories of Asian firms, institutional change and dynamics in Asia and management and organization of Asian firms. For readers who are interested in specific Asian economies this book will also be useful because it provides a comparative perspective that examines different Asian economies and their forms in a single work. Henry Wai-chung Yeung, National University of Singapore Tipton provides a fresh approach to understand how Asian firms differ from their western counterparts. Paul Beamish, University of Western Ontario, Canada Frank Tipton s book is a comp...
Presenting the broad spectrum of interdisciplinary academic research on corruption, this essential reference book examines anti-corruption legislation, governance mechanisms, international instruments, and other preventative measures intended to tackle corruption. Including over 100 entries and adopting a comprehensive approach to researching and combating corruption, this Encyclopedia covers the key ideas, concepts, and theories in corruption law.
The challenges facing an independent East Timor are particularly acute. It is not only one of the poorest nations on earth but the terrible events of 1999 have also destroyed much of the countrys buildings and infrastructure, as well as the nations bureaucratic and commercial capacity. The decisions and the policy framework adopted in the early years by the leaders of this new nation will be critical.This book is an original work written by experts and well-known specialists in the field. It assembles all the latest information about the economy, assesses future policy options, and draws on lessons of international experience for this new nation. It is perhaps the only book about East Timor with this coverage and will be invaluable to those who are interested in developments in the region.
Soft power has become a very popular concept in international affairs, appearing in government policy papers, academic discussions, and the popular media. In China, soft power has become one of the most frequently used phrases among political leaders, leading academics, and journalists. Defined against hard power, which often involves threat and coercion, soft power applies attraction, persuasion, and cooperation, finding its sources in culture, political values, and foreign policies. China, rich in culture and traditional philosophy, boasts abundant sources of soft power. Soft Power attempts to analyze the domestic and international views of China's soft power, the main strengths and weakne...
Analyzing the Korean Peninsula’s contemporary engagement with the Persian Gulf region from the 1950s to the present day, the book begins by asking the following question: What drew Koreans to the region in the first place and under what circumstances were they drawn there? While taking into account a combination of both external and internal factors shaping the dynamics of the Korean Peninsula’s interactions with the Persian Gulf region, this book largely concentrates on the agency factor to analyze the nature and scope of a rather multifaceted relationship between the two areas. The Republic of Korea has, in fact, maintained diverse connections to every single country in the Persian Gul...