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Rethinking the east Asia Miracle / Joseph E. Stiglitz, Shahid Yusuf

Secondary Author Stiglitz, Joseph E.
Yusuf, Shahid, 1949-
Country Estados Unidos. Publication Oxford : Oxford University Press, 2001 Description X, 526 p. ; 24 cm ISBN 0-19-521600-8 CDU 338.1
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Holdings
Item type Current location Call number Status Date due Barcode Item holds
Monografia Biblioteca Geral da Universidade do Minho
BGUMD 22202 Available 298690
Total holds: 0

Enhanced descriptions from Syndetics:

This volume provides highly illuminating, analytic perspectives on key facets of the East Asian economies. It discusses weaknesses in the financial sector, corporate governance, exchange rate and trade policies, regulatory capability, and proposes remedies. Rethinking the East Asian Miracle is
an indispensable book for all those with an interest in East Asia's prospects in the early decades of the new century.

Reviews provided by Syndetics

CHOICE Review

Stiglitz, recent Nobel Prize winner, and Yusuf have compiled this useful anthology in light of the East Asian economic crisis of 1997-98. Early in the volume, the basic contours of the crisis are plotted. The authors proceed to examine some internal sources of crisis: governance, including industrial and exchange rate policies; poorly developed legal frameworks, including inadequate rules governing shareholder rights; and conditions shaping current account problems. A number of contributors examine industrial structures and the relationship between the state and enterprises, including excellent studies of Japan and China. One of the strengths of the volume as a tool for classroom use is the inclusion of many of the leading voices on East Asian political economy and development, e.g., Dwight Perkins, Ronald McKinnon, K.S. Jomo, and, of course, Stiglitz. Because this work was written during the crisis period and completed as the crisis appeared to be waning, it contains many topical insights into the problems of the region. As might be expected, the volume does not disappoint in providing rich source material for policy makers as well as academic economists. This valuable work is highly recommended to those interested in East Asian economies and economic development in general. Public, academic (lower-division undergraduate and up), and professional library collections. S. J. Gabriel Mount Holyoke College

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