The Downsizing of Asia by Fran?ois Godement (English) Paperback Book

Publisher Description

Until very recently it was assumed that the Asian miracle of prodigious economic growth would continue indefinitely. Europe and America it seemed, were being left behind. The recent financial crisis in Asia has now changed all that. Francois Godement argues that the Asian economies have reached a crisis of maturity. The main components of healthy commercial growth remain in place, the damage has been caused by a lack of financial regulation, organization and discipline and now a profound sense of pessimism. He provides a broadranging survey of the region's economies since 1993 and explains the main reasons behind the recent financial crisis. He also examines important factors such as demography, Asian values, crony capitalism, industrial groupings and the wane of political authority. The Asian miracle has not come to an end, but the author makes clear that improved self-regulation and discipline within the financial sector will be crucial if the economies of the region are to weather the uncertainties of the market-place in the future and realize their full potential.

Back Cover

Until very recently it was assumed that the Asian miracle of prodigious economic growth would continue indefinitely. Europe and America, it seemed, were being left behind. The recent financial crisis in Asia has now changed all that. Fran

Table of Contents

Chapter 1 Introduction; Chapter 2 An explanation of the 1997 Asian Crash; Chapter 3 Asia, meet the rescue Part y; Chapter 4 Asian values, minus the debate; Chapter 5 The challenge to Asian identity; Chapter 6 Challenging Asian politics; Chapter 7 A Faustian deal for Asia?; Chapter 8 Conclusion;

Review

'... combines comprehensive events coverage, excellent evaluation of causes and also an original response package. ... intelligent, but easy-going ... the book ranges over economic, political and sociological issues with admirable insight.' - Stephen Green, London School of Economics and Political Science

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