Public Policies in East Asian Development: Facing New Challenges

Public Policies in East Asian Development: Facing New Challenges

Public Policies in East Asian Development: Facing New Challenges

Public Policies in East Asian Development: Facing New Challenges

Synopsis

The East Asian Crisis of 1997 and the following economic meltdown have raised new questions about the role of public policy in Asian economic growth and the best mix of policies to insure the survival of economic growth. Although economists agree that macroeconomic stability, the encouragement of exports and FDI inflows, and the development of human resources have been important in East Asian growth, they do not agree on whether industry specific policies have been useful. The policy experiences of the countries are diverse and do not show a strong relationship between policies and success. Bringing together the work of development economics experts, this book looks at the role of economic and industrial policy in East Asian development, the challenge of the economic meltdown, and the critical issues raised by that meltdown.
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