Many East Asian economies have grown briskly in the past few years. However, future development will depend on the quality and timeliness of regional and national policy actions. The policy agenda must address the problems that buffeted the region in the late 1990s-associated with the weakness...

This book examines the effects of the changing global geography of production for the growth prospects of East Asian economies. The authors conclude that in the face of a global environment, economies in East Asia need to adapt to the changing character of global production networks and to...