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Books
After The Storm : Crisis, Recovery and Sustaining Development in four Asian Economies
Edited by: Jomo K.S.
Published by:Singapore University Press, Singapore.
Contributors include Chin Kok Fay, C. P. Chandrasekhar, M. Mustafa Erdogdu, Smitha Francis, Jayati Ghosh, Joseph Lim, Mahathir Mohamed, Jonathan Pincus, Pasuk Phongpaichit, Rizal Ramli, Andrew Rosser and Shin Jang Sup.
After The Storm
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  After the Storm discusses restructuring and growth strategies adopted in Indonesia, Malaysia, Thailand, and South Korea after the currency and financial crises of 1997-98. These four Asian economies were most adversely affected despite achieving rapid growth in the 1970s and 1980s, low inflation and current account surpluses. While the macroeconomic fundamentals of these countries were relatively sound prior to the crises, early analyses of the crises dwelled on the failure of corporate governance, currency controls and immature financial institutions in some countries.


The book offers fresh insights into the causes of the crisis, post-crisis restructuring, the growth strategies adopted and some domestic initiatives taken by these economies in response to the crises. It also reveals why reforms recommended by the IMF, World Bank and others were met with resistance, thereby contributing to the ongoing discourse on the effects of globalisation on the local.

About the Author
K.S. Jomo was Professor of Applied Economics at University of Malaya in Kula Lumpur. He is currently a Visiting Professor at Asia Research Institute at National University of Singapore.

Contents

  • Contributors
  • Tables
  • Figures
  • Statistical Appendix
  1. Introduction
  2. Macroeconomic Implications of the Southeast Asian Crises
  3. Fluid Finances, Systemic Risk and the IMF's SDRM Proposal
  4. The Political Economy of Indonesia's Financial Vulnerability
  5. Deepening or Hollowing Out: Financial Liberalization, Accumulation and Indonesia's Economic Crisis
  6. Aftermath: Structural Change and Policy Innovation after the Thai Crisis
  7. Were Malaysia's Capital Controls Effective?
    Addendum 1: Capital Controls
    Addendum 2: Malaysia's 1994 Temporary Controls on Inflows
    Addendum 3: Mahathir on the September 1998 Control Measures
  8. Malaysia's Post-Crisis Bank Restructuring
  9. South Korea: The Keynesian Recovery and the Costs of Structural Reform
  10. South Korean State Capacity: From Development to Crisis Management
November 3 , 2004.
 
  © International Development
Economics Associates 2004
 

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