Rapid globalisation has brought substantial benefits to developing Asia, but it has also heightened the risks associated with policy mistakes, weak financial institutions, and problems in corporate and public governance. The 1997 Asian crisis has ...

This volume examines the roots of the Asian financial crisis and suggests several constructive approaches to crisis revolution.

Unplanned Development offers a fascinating and fresh view into the realities of development planning. While to the outsider most development projects present themselves as thoroughly planned endeavours informed by structure, direction and intent, Jonathan Rigg exposes the truth of development experience that chance, serendipity, turbulence and the unexpected define development around the world. Based on rich empirical sources from South-East Asia, Unplanned Development sustains a unique general argument in making the case for chance and turbulence in development. Identifying chance as a leading factor in all development planning, the book contributes to a better way of dealing with the unexpected and asks vital questions on the underlying paradoxes of development practice.

Based on scenarios produced by the Asian Development Bank (ADB) and the OECD Development Centre, the authors of this report consider ways in which long-term Asian growth can be consolidated to the benefit of the global economy as a whole.

This book demonstrates some of the pitfalls associated with services liberalisation but recommends perseverance and even acceleration of the reforms. Contributors call for orderly and rapid progress towards regional integration of the services ...

This book tackles the disagreements that affect those looking to establish the macroeconomic policies needed to halve poverty over the next ten years. It presents a pro-poor macroeconomic policy allowing countries to recapture policy space, help promote growth, reduce inequality and diminish poverty in a sustainable way.

Achieving Financial Stability in Asia sets out to identify the elements which could restore confidence to the countries of the region and stabilise financial flows on a global basis. Thus, measures must be taken which include improving public and ...

The recent global ?nancial crisis has made ?nancial liberalization a topic of great academic and practical interest. This book makes new contributions to the topic by combining fact-?nding, empirical analysis, and theory to examine the relationship between ?nancial liberalization and economic growth. Among its contributions, the book provides detailed country assessments on the effects of ?nancial liberalization, including its striking impact on the banking sector. Although an important goal of ?nancial deregulation has been to help ?nancial institutions better perform their role in intermediating resources, the book models how deregulation may fail to achieve that goal in countries with underdeveloped ?nancial markets and institutions. For that purpose, the book draws on actual experience in Kenya, Malawi, Botswana, and Thailand. This book should constitute important reading for students of ?nancial economics, researchers and general academics, ?nancial practitioners, policymakers, and teachers of economics. North Carolina, USA Steven L. Schwarcz December 2008 Stanley A. Star Professor of Law & Business, Duke University Founding Director, Duke Global Capital Markets Center Durham vii Abstract and Preface The latest global ?nancial and economic crisis of 2008 shows the need to - examine the desirability of ?nancial liberalization and the basis for the view that ?nancial deregulation by itself cannot be considered as a substitute for better economic management. The literature on ?nancial liberalization has identi?ed various mechanisms through which removing controls on interest rates may impact economic growth.

Using a combination of global, national and household level analysis this study examines the potential effects of agricultural policy and trade reform.