Reform and recovery in East Asia : the role of the state and economic enterprise

The role of the state in East Asian development has always been a controversial
topic. The financial crisis in East Asia has rekindled the debate over the
appropriate roles of the state and economic enterprise across the region. With
extensive reform programmes underway in almost every economy, there is a
renewed focus on the role that governments and governance can play both in
determining future performance and preventing future catastrophe.
The excellent, international contributors to this book explore various aspects of
the recent experience of East Asian economies and come to some surprising
conclusions regarding the importance of market strengthening and government
systems in the sustainability of economic recovery. Reform and Recovery in East
Asia argues that the process of recovery is largely cyclical, but that reforms can
play a major part in reducing future vulnerability. It concludes that successful
structural reform is a central determinant of longrun growth performance,
particularly as countries approach the technological frontier.
This exciting sequel to East Asia in Crisis offers a completely up-to-date
assessment of the progress of East Asian recovery and provides a detailed review
of the experience in the region’s economies. It is stimulating and informative
reading for all those interested in further understanding the dynamics of East Asian
economic crisis and recovery.