The crisis in Asia has caused economic hardship and brought an end to the 'economic miracle' of fast economic growth in the region. This book asks whether the 1997/8 crisis marks a break with the past and signals an end to 'Asian' ways of running economies. The book examines the social, economic, and political modes of governance in the region and finds a shifting balance between rule by the market, rule by connections, and rule by force.
The crisis in Asia has caused economic hardship and brought an end to the 'economic miracle' of fast economic growth in the region. This book asks whether the 1997/8 crisis marks a break with the past and signals an end to 'Asian' ways of running economies. The book examines the social, economic, and political modes of governance in the region and finds a shifting balance between rule by the market, rule by connections, and rule by force.
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