Governance has become a mantra for doing the good and proper things. In public life, it has become more than a mini-rage: when things fail, a failure of governance is brought up as the explanatory variable; and good governance is presented as the alternative pathway to success. In the private...

Two views dominate the academic discussion of the root cause of the Asian crisis: the 'panic-illiquidity' view and the 'moral hazard-structural' view. This paper traces the factors that contributed to the build-up of financial vulnerabilities across the affected economies and compares these two...

The discussion on Western and Eastern values has begun to take on emotional heat even in sedate conferences. Where a controversy rages, it is always useful to contribute any perspective that can help shed light. This paper is a call for other perspective that can help place the controversy on...

The discussion on Western and Eastern values has begun to take on emotional heat even in sedate conferences. Where a controversy rages, it is always useful to contribute any perspective that can help shed light. This paper is a call for other perspective that can help place the controversy on...