Attempts to define the Asian Crisis and its future course continue to be hotly contested. Towards Recovery in Pacific Asia deals with financial and industrial reform, defence policies, the 'Asian-Values' debate, corruption and croneyism; as well as China, Japan and intra-regional affairs. Rather than trying to resolve the heated debate about the causes of the crisis, this book reflects on underlying trends to examine the possible paths of recovery. Bringing together experts in the field, Towards Recovery in Pacific Asia suggests that recovery is by no means impossible nor as difficult as might at first have seemed. But it requires political reform, tackling specific economic problems and the international support of the US, European Union and World Bank. There are still causes for concern, such as Indonesia's transition from the Suharto era and political reform in China and, most significantly, Japan. With its highly topical focus on the social, political and economic development of the Asia Pacific region, this book represents a vital, up-to-date analysis for students and researchers in Asian studies, International Relations, International Political Economy, as well as policy makers and professionals working in, or with, Pacific Asia.
Introduction Gerald Segal and David Goodman 1. Financial Reform: The Incomplete Transition Michael Heller 2. Industrial Reform: Insights from the Electronic Sector Michael Hobday 3. Changing Defence Policies Tim Huxley 4. What Happened to 'Asian Values'? Anthony Milner 5. China: Incomplete Reforms Michael Yahuda 6. Japan: From Crisis to Drama Jean Pierre Lehmann 7. Regional Solutions to Regional Problems? Michael Leifer 8. A New Relationship Between the West and Pacific Asia? François Godement 9. Coping With Corruption and Cronyism Peter Searle Bibliography