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Books > Reference & Interdisciplinary > Interdisciplinary studies > Area / regional studies
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Beyond the Asian Crisis - Pathways to Sustainable Growth (Hardcover)
Loot Price: R4,034
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Beyond the Asian Crisis - Pathways to Sustainable Growth (Hardcover)
Expected to ship within 12 - 17 working days
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As Southeast and Northeast Asia recover from the Asian crisis and
return to a state of growth, the authors of this book assess the
lessons to be learned from the crisis to achieve sustainable
development in the future. While the importance of each factor
contributing to the crisis varies from country to country, their
collective experience has created unprecedented turmoil in current
thinking on development policy. The authors argue that the major
schools of thought need paradigm changes in the wake of the crisis.
Those who believe that a 'strong state' or system of semi-democracy
is essential for economic growth have been disproved by the sudden
collapse of these economies. These countries must now adapt to the
fact that society must be open to ideas and democratise its polity
to achieve innovation-driven sustainable development. Those who
used the success of East Asian economies as a vindication of the
neo-classical orthodoxy, referred to as the 'Washington consensus',
must now see the follies of progressive withdrawal of the
government from the economic sphere and of unfettered flows of
short-term capital. This book offers a timely and reflective
analysis of the Asian financial crisis and brings together a
detailed overview of the different and often competing responses
within the countries of the region. It will be welcomed by students
and scholars with an interest in Asian economics, development
studies, international political economy, and international
relations.
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