Cover -- The Downsizing of Asia -- Copyright -- Contents -- Acknowledgements -- 1 Introduction: A crash course in history -- 2 An explanation of the 1997 Asian Crash -- 3 Asia, meet the rescue party -- 4 Asian values, minus the debate: The facts behind the myth -- 5 The challenge to Asian identity -- 6 Challenging Asian politics -- 7 A Faustian deal for Asia? -- 8 Conclusion: Two scenarios for tomorrow -- Notes -- References -- Index.

Until very recently it was assumed that the Asian miracle of prodigious economic growth would continue indefinitely. Europe and America, it seemed, were being left behind. The recent financial crisis in Asia has now changed all that. François Godement provides a broad-ranging survey of the regions economies since 1993 and explains the main reasons behind the recent financial crisis. He also examines important factors such as demography, Asian values, crony capitalism, industrial groupings and the wane of political authority. The Asian miracle has not come to an end, but the author makes clear that improved self-regulation and discipline within the financial sector will be crucial if the economies of the region are to weather the uncertainties of the marketplace in the future and realize their full potential.

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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2018. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.