内容

目次

Part 1 The Asian financial crisis: Asia's new found developmentstrategy; the Asian financial crisis. Part 2 The early reformers: Korea - acase of cautious capital account liberalization; Malaysia - broad-basedliberalization stopped on track in 1998; Singapore - reform towards financialcentre status; Indonesia - amidst persistent exchange rate instability;Taiwan -export-led growth with limited financial sector openness; Thailand -quite open external sector but poorly managed financial sector. Part 3Communists recognize capital and turn to market forces: China - a commandeconomy responding well to market signals for the time being; Vietnam -reluctant transition from command to market economy. Part 4 The hesitantliberalizers: Bangladesh -restructuring and liberalization did help; India -a decade of liberalization, a hesitant choice; Pakistan - internallysuppressed economy under liberalization; the Philippines - lost opportunitiesfor reforms being corrected; Sri Lanka - a case of development regression.Part 5 The lessons on liberalization: macroeconomic effects of financialliberalization; lessons for developing and transitional economies.