Executive summary -- 1. China in the realm of the world economy / David Daokui Li -- 2. Interpretation of China's economic comeback / Youngrok Cheong -- 3. Reflections on 10 years of financial reform in China / Ping Xie -- 4. higher education reform in China: market orientation and institutional...

As witnessed during the 1997/98 Asian financial crisis, the dependency on short-term foreign capital for long-term investment made the region vulnerable to the sudden reversal of capital inflows. Rapid capital outflows not only caused the collapse of the financial system but also a sharp...

A definitive historical record of financial development for three countries, highlighting the centrality of the financial system in each country's economic development and growth. - Provided by publisher