Until very recently it was assumed that the Asian miracle of prodigiouseconomic growth would continue indefinitely. Europe and America it seemedwere being left ... » 

Until very recently it was assumed that the Asian miracle of prodigiouseconomic growth would continue indefinitely. Europe and America it seemedwere being left behind. The recent financial crisis in Asia has now changed allthat.Francois Godement provides a broadranging survey of the regions economiessince 1993 and explains the main reasons behind the recent financial crisis. Healso examines important factors such as demography Asian values cronycapitalism industrial groupings and the wane of political authority.The Asian miracle has not come to an end but the author makes clear thatimproved selfregulation and discipline within the financial sector will becrucial if the economies of the region are to weather the uncertainties of themarketplace in the future and realize their full potential. «