ABSTRACT

The authors consider how the Asia-Pacific economies have developed since the financial crises and highlight two inter-related themes: the effect of global forces on the national Asian economies and the different development paths of these economies as they jointly enter this new phase. Questions raised by the book include:
* is globalization a threat to development and prosperity in the Asia-Pacific or did globalization rather facilitate and accelerate the pace of industrialization among late industrializers in the region?
* is there a single Asia-Pacific development model or did the crisis show this to be false?
* did the financial crisis reveal structural weaknesses in an Asia-Pacific state-led model or was state leadership already in demise?
Development and Structural Change in Asia-Pacific provides a useful and relevant account of how the global economy has led to structural changes within Asian economies

chapter 1|13 pages

Introduction

Perspectives on development in Asia-Pacific

part |110 pages

Part I Global institutions and the state in Asia-Pacific

chapter 2|31 pages

Global institutions and economic development

What have we learned?

chapter 3|27 pages

A tale of two crises

Latin America in the 1980s and the ‘HPAEs' in the 1990s

chapter 4|18 pages

Neo-liberalism on the defensive but not defeated?

A comparative review of the Asian crisis and lessons for the future

chapter 5|14 pages

The IMF in the Thai economic crisis

Villain or saviour?

chapter 6|17 pages

Economic growth and social development in Malaysia, 1971–98

Does the state still matter in an era of economic globalisation?

part II|89 pages

Divergent development paths among the Asian miracles

chapter 7|21 pages

Beyond policy explanations

Towards an alternative analysis of economic development in the Asia-Pacific region

chapter 9|28 pages

Growth and vulnerability before and after the Asian crisis

The fallacy of the universal model 1

chapter 10|16 pages

Epilogue: rest in peace or a relevant piece for the rest?

Industrialisation models and the new regional division of labour in Asia-Pacific