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The impact of the Asia crisis has contributed to the debate about
the need for regulation of global markets. This book outlines the
events leading up to and during the Financial Crisis of 1997 and
assesses the responses of the financial contagion. The potential
for economic reform is discussed and the willingness of legislators
in South East Asia to create a new legal infrastructure to control
business is studied. The discussion moves to the political arena,
where the extensive use of the internet as a new medium is
discussed using Malaysia as a case in point. The next section
focuses on specific themes relating to labour, capital and
political business. It studies the response of Malaysian labour to
the financial and political crisis. Another contribution explores
the tourism industry in Bali, and Indonesian economic and social
meltdown. Finally, it examines the vulnerability of fast growth in
the Thai telecommunications industry and the development of third
world multinationals is assessed. Unfolding tensions between local
and expatriate staff as a result of multinational corporate
restructuring are explored.
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