A much-needed examination of the impact of neo-liberalism in East Asia in the years since the 1997 to 1998 Asian Economic Crisis.
These leading contributors tackle the nature of neo-liberalism, and the forces and institutions driving it. With fresh case studies of Indonesia, Thailand, South Korea, Malaysia, China and Vietnam, showing how domestic elites are critical to the ways in which the neo-liberal agenda is manifested, modified and rejected. They also engage with the key question of why there has been a dramatic restructuring of state and economic power, with some elements of domestic elites having been decimated, others reinventing themselves, while important new elements have been constituted.
This book was previously published as a special issue of the leading Journal of Development Studies.
1. East Asia and the Trials of Neo-Liberalism 2. Neo-Liberal Reforms and Illiberal Consolidations: The Indonesian Paradox 3. A Legitimate Paradox: Neo-Liberal Reform and the Return of the State in South Korea 4. Neo-Liberalism and Domestic Capital: The Political Outcomes of the Economic Crisis in Thailand 5. Malaysia: New reforms, Old Continuities, Tense Ambiguities 6. China's Engagement with Neo-Liberalism: Path Dependency, Party Self-Reinvention and Geography 7. The Politics of State Sector Reforms in Vietnam: Contested Agendas and Uncertain Trajectories 8. Neo-Liberalism and East Asia: Resisting the Washington Consensus