The speed with which business has become globally integrated is impressive and almost frightening. Much of this change has come from the Pacific Basin. At the same time, however, the Taiwanese, Chinese and Southeast Asians have also suffered from these rapid changes. The paranoia associated with rapidly escalating rates of foreign investment in China by a small country like Taiwan, for example, may provide an index of the anxiety that such change can engender.

The studies in this collection of research articles provide a considered, rational approach to some of these changing patterns of world business--economic growth, regional trade, foreign direct investment, capital markets, and trade restrictions. The patterns of changing interlocking global business systems revealed in these articles are fascinating and reassuring. It is interesting and enlightening to see how these Asian business systems interlock where the parallel political systems may be in conflict.

No single system of development can accommodate all variations of the economic, social and political environments in developing economies. The authors of this book analyse the changing role of the public sector in promoting socioeconomic development. They concentrate their study on the three major issues of macroeconomic management in development planning: market mechanisms, financial management and enterprise management, and the transfer and development of technology. Planning practitioners and scholars and students of economic development should find this book provides important theoretical insights, as well as the experiences of various countries in managing their economic progress.