The Political Economy of East Asia

"The Political Economy of East Asia: Post-crisis Debates critically evaluates the current orthodoxy in the light of the Asian financial crisis and places the debates on East Asian political economy within the broad context of development studies. It explores the causes of the East Asian crisis from the perspectives of competing theories and highlights a distinct strand - the 'new' political economy. The book examines the relationship between state structures, financial sector reform, and prudent macroeconomic management within the context of globalised capital and the dominance of 'hot money'. It examines and evaluates the prospects of a reform agenda that would enable policy-makers to build a normative framework of democratic governance that could guide the region's search for new institutional arrangements to supplant its authoritarian past and cope with the aftermath of the crisis. The book also draws attention to the re-emergence of inequality and poverty, especially after the crisis."--Jacket.