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.
Examining the experience of managing economic development, the book includes contributed chapters on China, Hong Kong, Indonesia, Japan, Korea, Malaysia, Taiwan, Thailand, Singapore, and Southeast Asia. It will be a useful resource for scholars, students, and those researching Asian economic development.
KUOTSAI TOM LIOU is Professor and Chair of Public Administration at the University of Central Florida. He has published many articles and four books, including
Managing Economic Reforms in Post-Mao China(Praeger, 1998). His research areas are organizational development, public management reform, economic development, and public budgeting and finance.
Preface
Introduction: Managing Economic Development in Asia by Kuotsai Tom Liou
Political Development, Administrative Capacity, and the Challenge to the Development State Model Posed by the 1997-1998 Financial Crisis in East and Southeast Asia by Cal Clark
Japan's Economic Crisis: The Role of Government by Edward W. Schwerin
Managing the Singapore Economy by Chew Soon Beng and Rosalind Chew
Financial Crisis and Policy Reform: The Korean Experience by Roy W. Shin and Yen Seob Ha
Managing Economic Development in Taiwan by Kuotsal³n