The East Asian Development Experience: The Miracle, the Crisis and the Future

Abstract

CONTENTS PART 1: OVERVIEW OF THE DEBATE ON EAST ASIAN DEVELOPMENT EXPERIENCE 1. The East Asian Model of Economic Policy PART 2: INTERPRETATION OF THE EAST ASIAN MIRACLE 2. The Political Economy of Industrial Policy in Korea 3. Explaining 'Flexible Rigidities' in East Asia 4. The Initial Conditions of Economic Development - Comparing the East Asian and the Sub-Saharan Experiences PART 3: 1997 ASIAN FINANCIAL CRISIS AND ITS IMPLICATIONS 5. The Hazard of Moral Hazard - Untangling the Asian Crisis 6. Interpreting the Korean Crisis: Financial Liberalisation, Industrial Policy and Corporate Governance PART 4: LOOKING INTO THE FUTURE OF EAST ASIA 7. Industrial Policy and East Asia - The Miracle, the Crisis, and the Future 8. The Triumph of the Rentiers? 9. Evaluating the Post-Crisis Corporate Restructuring in Korea

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