Restructuring Asian Economics for the New Millennium Research in Asian Studies, Volume 9-A, 9-B, Editors – Jere R. BehrMann, Manoranjan Dutta, Steve L. Husted, Pityanon Sumalee, Chirathivat Suthipand, Paitoon Wiboonchutikala. Elsevier Science. 2001.
This book addresses the above issues by covering many topics including financial meltdowns and industrial development, money and financial markets, exchange rates, capital flows, economic reforms, human capital development, impact of financial crisis on growth and poverty incidence, as well as other development problems in Asia Pacific countries.
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The
Asian economic crisis and future development is a hot subject among
academics and policy makers worldwide. Several countries in Asia
came to face severe economic recession in the wake of their financial
and foreign exchange crisis which began in 1997. The recession was
deep and the challenges for mangers of respective economies for
an optimum specification of monetary and fiscal policy guidelines
became all too great. Many came to wonder whether the so-called
"Asian Miracle" all of a sudden became a part of history.
If so, how will Asia recover from the crisis and experience high
growth and continuing development as in the past quarter of the
century? Can such a crisis be forewarned? Which developments paths
should Asia seek so that the crisis will not be repeated in future?
In other words, the challenge is to formulate rational policies
for Asia’s newly industrialized/industrializing economies so that
their industrialization and development can sustainably progress
as Asia enters the twenty first century.| |