After the 1997 Asian crisis, most Asian countries embarked on a serious process of reform to revitalize their economies. This highly topical book begins with a thorough analysis of the reforms proposed and implemented in China, South Korea, Japan, Thailand and Malaysia. This analysis focuses on financial and corporate sector reforms and on the changing role of public administrations. The authors argue that the chain effects of the Asian crisis are not only confined to a regional economic context: the evolution of the role of regional associations and of the security scenario in East Asia outlines the beginning of a deep and comprehensive political, economic and social change. Leading scholars with in-depth knowledge of each country focus on these international variables, in particular: the role of APEC in the wake of the Asian crisis and the Seattle debacle, the process of economic integration in East Asia and the evolution in East Asian regional security As a multidisciplinary work, "Reforming Economic Systems in Asia" should be warmly received by researchers and academics of Asian studies, political science and political economy. Anyone involved in international business and in designing strategies for international enterprises should also find this book of interest.
The research project of which the present study is the end result was initiated in late 1970, while I was affiliated with the Economisch Instituut voor de Bouwnijverheid (Economic Institute for the Construction Indus- try), Amsterdam, the Netherlands. This institution, in association with the Urban Development Authority, Kuala Lumpur, Malaysia, also suppor- ted fieldwork in Malaysia from early 1973 to spring 1975. This resulted in a report to the Malaysian government (Wegelin, 1975), which forms the basis of the present study. Improvement and extension of the earlier report to mould the study in its present shape has been made possible by the financial support of the Stichting Wetenschappelijk Onderwijs in Econo- mische en Sociale Aspecten van Bouwproductie en Bouwnijverheid (Foun- dation for University Education in Economic and Social Aspects of Construction), Amsterdam, the Netherlands. The support of the above institutions is gratefully acknowledged. The study owes much to the pioneering work on low-income housing in developing countries bij Charles Abrams and has further been stimul- ated particularly by the contributions of Leland S. Bums and John F. C. Turner in this field. The recent development of comprehensive cost- benefit appraisal methods for industrial projects in developing countries by Professor I. M. D. Little and J. A. Mirrlees (OECD) and A. K. Sen, P. Dasgupta and S. A. Marglin (UNIDO) provided a challenge to apply similar methods in the area of low-income housing.
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