Managing Economic Development in Asia: From Economic Miracle to Financial Crisis

Synopsis

For several decades, high and sustained growth fueled the Asian "economic miracle." From 1965 to 1990, the 23 East Asian economies grew faster than all other regions of the world. The high-performing economies of Japan, South Korea, Taiwan, Hong Kong, Singapore, Thailand, Malaysia, and Indonesia experienced low and declining levels of income inequality as well. The June 1997 financial crisis has challenged these economies. Many of the high-performing economies have experienced serious problems, including falls in currency and equity markets, significant slowdowns in international trade, and setbacks in economic growth. Emphasizing the role of government and the importance of managing development, this book provides an overview of the major impact of the financial crisis on selected Asian countries and of the development policies implemented.

Additional information

Contributors:
Includes content by:
  • Cal Clark
  • Edward W. Schwerin
  • Chew Soon Beng
  • Rosalind Chew
  • Roy W. Shin
Publisher: Place of publication:
  • Westport, CT
Publication year:
  • 2002