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Books > History > History of specific subjects > Economic history
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Diversity and Transformations of Asian Capitalisms (Paperback)
Loot Price: R1,821
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Diversity and Transformations of Asian Capitalisms (Paperback)
Series: Routledge Studies in the Modern World Economy
Expected to ship within 12 - 19 working days
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Among a vast literature on the Asian economies, the book proposes a
distinctive approach, inspired by Regulation Theory, in order to
understand the current transformations of the Asian economies. The
book follows their transformations after the 1997 Asian crisis
until the subprime crisis. During this period, the viability of
their growth regime was to coherence of five basic institutional
forms: the degree of competition and insertion into the world
economy, the nature of labour market organization, the monetary and
exchange rate regimes and finally the style for State intervention
via legislation, public spending and tax. The book provides new
findings. The degree of financial liberalization and opening to the
world economy largely determines the severity of the 2008-2009
recession and the political-economic reactions of each Asian
countries to the subprime crisis. Asian capitalisms are distinct
from American and European ones, but they are quite diverse among
themselves, and this differentiation has been widening during the
last decade. This book will help to shed light on a de facto
regional economic integration is taking place in Asia, but unsolved
past political conflicts do hinder the institutionalisation of
these interdependencies.
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