This open access book analyzes the dualism and inequality insofar as how it is manifested in interregional disparity and small enterprises. Using the case of Indonesia, the author considers how the general direction of policy should be to mitigate the effects of agglomeration forces leading towards concentration, and exploit the same forces by encouraging small businesses to operate in a cluster for collective action. The book addresses these issues by focusing on the role of interactions between policies and institutions, of which social capital is an important part. This is an open access book.

Many economic issues that touch the life of millions of people are more complex than most people thought. From the U.S financial crisis to regional cooperation, from the oil price shock to climate change, policy conflicts abound. The book distills some of these conflicts and argues that understanding the nature and intensity of trade-offs is a key to resolving the conflicts. It can help improve the quality of policy debate, and remind us about what really matters. What caused the 2007/08 crisis, how could problems in a small segment of mortgage market bring down the world's largest economy, what effects an oil price surge had, and how the policy response to climate change can benefit the poor? With a better understanding about the complexity of interrelations, multiple goals that seemingly at odds in all those issues are not necessarily in conflict with each other. When conflicts are acute, reverting to the ultimate and more fundamental goals can help resolve the problem. What alternative systems to explore (e.g., with regulatory rules and incentive system that minimizes mismanagement and greed), and which segments of society to focus on (e.g., the poor in developing countries) are among key attributes in such fundamental goals. The book provides enlightening glimpse of complexity in many policy conflicts.

This book discusses the risks and opportunities that arise in Emerging Asia given the context of a new environment in global liquidity and capital flows. It elaborates on the need to ensure financial and overall economic stability in the region through improved financial regulation and other policy measures to minimize the emergent risks. "Managing Elevated Risk: Global Liquidity, Capital Flows, and Macroprudential Policy—An Asian Perspective" also explores the range of policy options that may be deployed to address the impact of global liquidity on domestic financial and socio-economic conditions including income inequality. The book is primarily aimed at policy makers, financial market regulators and supervisory agencies to help them improve national regulatory systems and to promote harmonization of national regulations and practices in line with global standards. Scholars and researchers will also gain important information and knowledge about the overall impacts of changing global liquidity from the book.

The growth of financial markets has clearly outpaced the development of financial market regulations. With growing complexity in the world of finance, and the resultant higher frequency of financial crises, all eyes have shifted toward the current inadequacy of financial regulation. This book expertly examines what this episode means for Asia's financial sector and its stability, and what the implications will be for the region's financial regulation. By focusing on legal and institutional frameworks, the book also elaborates on various issues and challenges in terms of how financial liberalization can maximize the benefits and minimize the risks of crisis. The book will appeal to academics, students, and policymakers across a diverse range of fields including: international finance and trade, economics, Asian studies, development, and development economics.

This open access book analyzes the dualism and inequality in Indonesia insofar as how it affects micro, Small & Medium enterprises. The author considers how the general direction of policy should be to mitigate the effects of agglomeration forces leading towards concentration of activities in developed areas, and exploit the same forces by encouraging small businesses to operate in a close proximity and enable them to enjoy the external economies. If serious efforts to foster inclusive growth are to be made, conducting these two tasks should be the focus of social planners. The question is, how? The book addresses this question by focusing on the role of interactions between policies and institutions, of which social capital is an important part. 

This book discusses the risks and opportunities that arise in Emerging Asia given the context of a new environment in global liquidity and capital flows. It elaborates on the need to ensure financial and overall economic stability in the region through improved financial regulation and other policy measures to minimize the emergent risks. "Managing Elevated Risk: Global Liquidity, Capital Flows, and Macroprudential Policy-An Asian Perspective" also explores the range of policy options that may be deployed to address the impact of global liquidity on domestic financial and socio-economic conditions including income inequality. The book is primarily aimed at policy makers, financial market regulators and supervisory agencies to help them improve national regulatory systems and to promote harmonization of national regulations and practices in line with global standards. Scholars and researchers will also gain important information and knowledge about the overall impacts of changing global liquidity from the book.