From Crisis to Opportunity: Financial Globalization and East Asian Capitalism

Since the mid-1990s, China, Japan, and Korea have come under severe pressure to restructure and reform their economic systems. In fact, across East Asia governments are attempting to address their structural problems with a variety of reform programs. After several years of their efforts, clear patterns are now emerging. The authors of this book conclude that the interaction between financial globalization and domestic politics is the key to unlocking the reform process. In particular, they address issues important to the study of East Asian political economiesreceptivity to financial globalization, financial integration, the convergence or divergence of their economic institutions, and the impact that institutional tr...

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