Explaining the Economic Success of Singapore explores the transformation of Singapore in the last three decades, going beyond the conventional explanations. The book argues that there was more to the transformation than a simple ‘right place, right time’ scenario as other developing...

This book reveals significant lessons on how economic prosperity was secured for people over three decades in eight Asian countries. It focusses on the careful way in which these nations designed and implemented pro-growth, liberal economic and financial policies. A new phenomenon – namely...

The Korean Economy examines how Korea’s inward FDI-led globalization, particularly since the financial crisis of 1997, has been experienced, understood, managed and often strongly resisted in various economic, social and cultural domains. It is an in-depth analysis combining perspectives from...

Financial reform has been a major concern for China’s transitional economy – especially in the realms of banking and insurance – since accession to the WTO in 2001. This book scrutinizes the development and limitations of these industries during the process of institutional transformation,...

Monetary Policy and Taiwan’s Economy questions whether the Asian crisis could have been avoided through the application of recommendations highlighted by the contributors. The conclusion reached is that in an abstract world, perhaps; but in the world in which we live; no. It is argued that the...

This book takes as its starting point the question of whether contemporary state capitalism simply uses different tools than earlier or other variants of capitalism, or whether it is an altogether new kind of economic regime. It brings together key research and commentary which will help to...

The establishment of the Shanghai Stock Exchange in December 1990 was a landmark in China’s institutional transformation. With this in mind, the authors consider the factors relating to institutional change – such as changes in the financial system, the scale and structure of stock market,...

Taiwan, once one of the world’s leading manufacturing economies, is now transforming into a service economy, with an emphasis on knowledge-based services. This metamorphosis has not been easy. As well as major changes in the industrial sector, human resource and policy development have been...

China’s accession to the WTO is one of the most important policy changes in China’s long process of liberalizing its foreign trade and foreign direct investment. It is also a major world economic event with profound repercussions. This book addresses the issues raised by China’s accession...