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Asia's Turning Point: An Introduction to Asia's Dynamic Economies at the Dawn of the New Century


Description: Asia was probably the biggest economic sensation of the post-war decades. The breathtaking success of Japan was followed by a remarkable rise of "four tigers", then ASEAN founder states and then China. The Asian miracle became a commonly accepted definition of this success. In the late 1970s and especially 80s it became clear that the balance of power in the world had changed. Politicians, businessmen, scholars began to talk about "the new Asia Pacific age" and Asian economic model, different from and, maybe, even superior to Western capitalism. However, in 1997-98 the Asian economic crisis came and made the region a sick man. Six years before that Japan, the regional powerhouse entered more than a decade-long period of stagnation. The miracle was over. However, the crisis was overcome within a surprisingly short period of time. Naturally, the question arises: What now? What is going on in the region after the miracle and after the crisis? What is today's face of Asian capitalism and how should we view its performance?

Readers interested in regional developments will find a lot of literature about miracle decades and crisis years. However, few analysts have addressed the challenging questions addressed in this book.

The authors vividly show that Asian capitalism is undergoing a radical structural transformation. These changes are directly affecting its key institutions: governments, companies, labor relations, etc. As a result Asian economic systems are becoming much closer to the Western-style, especially Anglo-Saxon capitalism, though the region retains some important specific features, especially regarding business culture.

This book is a must for business people worldwide, for all those who study the region in colleges and business schools, for people engaged in various international activities and, finally, for all those who want learn more about our world at the dawn of the new century.


Contents: PART 1 REGION

Chapter 1 Asian Miracle in Retrospective
Chapter 2 After the Miracle: a New Wave of Growth
Chapter 3 Structural Transformation: Government
Chapter 4 Structural Transformation: Business
Chapter 5 Structural Transformation: Labor Relations
Chapter6 Regional Integration and Prospects for the Asian Community

PART 2 NATIONAL ECONOMIES

Chapter 7 China: A New Heavy-Weight
Chapter 8 Hong Kong: After the Decade with China
Chapter 9 Taiwan: Centre of Advanced Manufacturing
Chapter 10 South Korea Reformed: Challenges for the Newly Developed Nation
Chapter 11 Singapore: Globalized, Entrepreneurial, Diversified
Chapter 12 Thailand: Rice Bowl, Regional Factory, Land of Smiles
Chapter 13 Malaysia: Developed By 2020?
Chapter 14 Indonesia: The Start of the Post-Suharto Era
Chapter 15 Philippines: Growing Fast at Last
Chapter 16 Vietnam: a New Mecca for Investors?
Chapter 17 North Korea: Utter Orthodoxy or Opportunities to Reform?
Chapter 18 Russian Far East: Yes, It Is Also Asia!
Chapter 19 India- a Big Neighbour Knocking at the Door
Chapter 20 Japan: Forgotten Giant

EPILOGUE. Doing Business in the New Asia




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