Rethinking the East Asian Miracle
“Rethinking the East Asian Miracle” by Joseph E. Stiglitz, published by World Bank Publications in June 2001, spans 526 pages and is presented in English. This volume offers analytical insights into the economic dynamics of East Asia, particularly in light of the financial crisis that affected the region from 1997 to 1999. It addresses critical issues such as weaknesses in the financial sector, corporate governance, and trade policies, while also proposing potential solutions to enhance economic stability.
Readers will find a comprehensive examination of the political economy of development in East Asia, emphasizing the necessary evolution of interactions among government, business, and the banking system to mitigate future crises. The book serves as a significant resource for those interested in the economic policies and public policy challenges facing East Asia in the early 21st century. Through its detailed analysis, “Rethinking the East Asian Miracle” contributes to the understanding of the region’s economic resilience and the complexities involved in its governance and regulatory frameworks.
Official synopsis Publisher
The crisis which gripped East Asia during 1997-99 underscored the urgency for cross-sectoral reform just as the strong revival of virtually all the economies in the region convinced the doubters that the East Asian miracle had by no means run its course. This volume provides illuminating, analytic perspectives on key facets of the East Asian economies. It discusses weaknesses in the financial sector, corporate governance, exchange rate and trade policies, regulatory capability and proposes solutions. Several papers in the volume also discuss the complex political economy of development in East Asia and show how interaction among government, business, and the banking system must evolve to minimize the risk of periodic crisis. ‘Rethinking the East Asian Miracle’ is an indispensable reference for all those with an interest in East Asia’s prospects in the early decades of the new century. A copublication of the World Bank and Oxford University Press.
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