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This book provides a comparative picture of the restructuring experiences of five Asian economies: South Korea, Singapore, Indonesia, Thailand and India. In the case of Indonesia and Thailand, the focus is on short-run structural adjustment measures, and in the case of South Korea and Singapore, the emphasis is on longer term industrial, trade, labour and financial sector policies. The chapter on India views the country's economic development ...

This book looks at the economic performance of East Asia over the past three decades in a unified way. The focus is on the common forces, generated by each country's policies, that jointly produced such successful outcomes. The roles of macroeconomic and microeconomic factors are analysed. For comparison, the same framework is used to examine the less successful performance of the Indian economy. The analysis emphasises the significance of the...