The 1997 Asian Crisis principally affected Thailand, Indonesia, Malaysia, and Korea, as well as other East Asian countries heavily dependent on intra-regional trade. Banks and other financial institutions quickly become insolvent, and heavily indebted industrial firms went bankrupt. Many of these firms were affiliated with the business groups of this region, yet most groups did not immediately collapse, indeed they proved remarkably robust, some surviving and even prospering. This book examines these East Asian business groups and their subsequent restructuring following the Asian Crisis. East Asian nations embarked on very different trajectories to this common external shock. The Asian Crisis affected the inter-relationships among the socio-cultural environment, the state, and the market of each country quite differently and had distinct effects on the operations of these countries' business groups. This slow yet divergent pattern of development provides evidence against theories of rapid global convergence. Yet East Asian business groups face an uncertain future. Foreign investors' influence has increased substantially since the crisis, as East Asian governments had to accommodate their demands to keep attracting foreign capital. Governments supervise banks more closely and have loosened restrictions on mergers and hostile takeovers, further strengthening the discipline of the market. Various entry barriers that had inhibited foreign multinationals from competing in national markets were lifted, exposing business groups to intensified foreign competition. Under these new conditions, business groups in East Asia should reconfigure their business structures and adjust their corporate governance systems to regain momentum for further growth. Business groups will continue to be important vehicles for the sustained future growth of this region, and this book presents a substantial amount of new data on this, which will be of interest to academics, researchers, and advanced students of East Asian business, and business practitioners working within the region.

Space launches have evoked the same vivid image for decades: bright orange flames exploding beneath a rocket as it lifts off and thunders into the sky. An alternative acceleration system could reshape that vision forever, with rockets leaving their energy source on the ground... or in space. Laser Propulsion in Space: Fundamentals, Technology, and Future Missions takes readers on a comprehensive journey from the theoretical overview of propulsion fundamentals, to reviews of current projects involving high-power CW fiber lasers and energetic mm-wave sources with their ongoing and potential end-use applications in beamed energy propulsion (BEP). Written by experts in the field, this mathematically sound reference text also highlights graphical solutions of equations' results, as well as case studies with worked-out examples, making this book an invaluable compendium for students, researchers, technology developers and futurists in understanding the promise and challenges of this emerging technology. - Covers beamed energy propulsion advances - Highlights state-of-the-art BEP applications of LEO debris removal, suborbital and orbital launch, solar system exploration, and interstellar lightsail probes, as well as advances in related photon source technologies and infrastructures - Includes opinion sections explaining why we as a technical society should care about each chapter's topic and the considerably good outcomes that can be achieved with laser engines - Is accompanied by a website with video clips and other ancillary materials to enhance insight

Innovation is increasingly invoked by policy elites and business leaders as vital for tackling global challenges like sustainable development. Often overlooked, however, is the fact that networks of community groups, activists, and researchers have been innovating grassroots solutions for social justice and environmental sustainability for decades. Unencumbered by disciplinary boundaries, policy silos, or institutional logics, these ‘grassroots innovation movements’ identify issues and questions neglected by formal science, technology and innovation organizations. Grassroots solutions arise in unconventional settings through unusual combinations of people, ideas and tools. This book examines six diverse grassroots innovation movements in India, South America and Europe, situating them in their particular dynamic historical contexts. Analysis explains why each movement frames innovation and development differently, resulting in a variety of strategies. The book explores the spaces where each of these movements have grown, or attempted to do so. It critically examines the pathways they have developed for grassroots innovation and the challenges and limitations confronting their approaches. With mounting pressure for social justice in an increasingly unequal world, policy makers are exploring how to foster more inclusive innovation. In this context grassroots experiences take on added significance. This book provides timely and relevant ideas, analysis and recommendations for activists, policy-makers, students and scholars interested in encounters between innovation, development and social movements.