DOCUMENT DETAIL
Rethinking the East Asian Miracle.
Stigilitz and Yusufs’ book ‘Rethinking the East Asian Miracle’, illuminates the vital facets of the East Asian economies. The book looks at the crisis that gripped the East Asian region during 1997- 1999. The catastrophe underscored the exigency for cross- sectoral reforms just as the strong revitalization of nearly all the region economies convinced, those who did doubt that, by no means, the East Asian miracle had gone through all stages, from worst to recovery.
Weaknesses in the corporate government and financial sector, trade policies and exchange rate, are discussed in the book ‘rethinking the East Asian Miracle’. The authors also informatively analyze the various aspects of the economy of East Asia. The intricate political economy of development in East Asia is looked at by the author as well as, the interaction among governments as a way of reducing the threat of the periodic disaster.