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Economic Governance and the Challenge of Flexibility in East Asia (Paperback)
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Economic Governance and the Challenge of Flexibility in East Asia (Paperback)
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This book analyzes the institutional underpinnings of East Asia's
dynamic growth by exploring the interplay between governance and
flexibility. As the challenges of promoting and sustaining economic
growth become ever more complex, firms in both advanced and
industrializing countries face constant pressures for change from
markets and technology. Globalization, heightened competition, and
shorter product cycles mean that markets are increasingly volatile
and fragmented. To contend with demands for higher quality, quicker
delivery, and cost efficiencies, firms must enhance their
capability to innovate and diversify. Achieving this flexibility,
in turn, often requires new forms of governance arrangements that
facilitate the exchange of resources among diverse yet
interdependent economic actors. Moving beyond the literature's
emphasis on developed economies, this volume emphasizes the
relevance of the links between governance and flexibility for
understanding East Asia's explosive economic growth over the past
quarter century. In case studies that encompass a variety of key
industrial sectors and countries, the contributors emphasize the
importance of network patterns of governance for facilitating
flexibility in firms throughout the region. Their analyses
illuminate both the strengths and limitations of recent growth
strategies and offer insights into prospects for continued
expansion in the wake of the East Asian economic crisis of the late
1990s. Contributions by: Richard P. Appelbaum, Lu-lin Cheng,
Stephen W. K. Chiu, Frederic C. Deyo, Richard F. Doner, Dieter
Ernst, Eric Hershberg, Tai Lok Lui, Rajah Rasiah, David A. Smith,
and Poh-Kam Wong.
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