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Part I The end of Asian capitalism? 1 Introduction: interpreting the crisis 2 Comment: crisis and the developmental state in East Asia 3 The financial crisis in Southeast Asia 4 State power and economic strength revisited: what’s so special about the Asian crisis? Part II Crisis of the developmental state 5 The state, structural rigidity, and the end of Asian capitalism: a comparative study of Japan and South Korea 6 Fragility or continuity? Economic governance of East Asian capitalism 7 The dilemma of market liberalization: the financial crisis and the transformation of capitalism 8 A meltdown with ‘Chinese characteristics’? 9 The Asian crisis and the perils of enterprise association: explaining the different outcomes in Singapore, Taiwan and Korea Part III Crisis of oligarchic capitalism 10 Surviving the meltdown: liberal reform and political oligarchy in Indonesia 11 Thailand’s capitalism before and after the economic crisis 12 Economic nationalism and its discontents: Malaysian political economy after July 1997 13 The Philippines: the making of a neo-classical tragedy Part IV Regional and international context of the crisis 14 The international relations of the Asian economic crisis: a study in the politics of resentment 15 Moral (and other) hazards: the IMF and the systemic Asian crisis 16 Australia in the shadow of the Asian crisis Part V Conclusion: scenarios for East Asia 17 Authoritarian liberalism, governance and the emergence of the regulatory state in post-crisis East Asia