This book contends that the East Asian financial constitution lacks an appropriate infrastructure, resulting in inefficient allocation of high savings and an over-inflated short-term debt market. It goes on to point out that despite high savings, East Asia’s dependency on financial...

South Korea has undertaken major and far-reaching actions to rebuild and improve its financial sector since the financial crisis of 1997. Various measures to clean up the balance sheets of financial institutions have helped to normalize the financial system earlier than expected and have...

Globalisation has had a major impact on manufacturing competitiveness and industrial development in transitional and developing economies. This up-to-date book critically examines the experience of a wide range of countries, focusing on the policy challenges they face in the new global economy.