emphasizes the contribution of goverment intervention, especially selective industrial policy, to growth, structural change and late industrialization in Thailand, Malaysia and Indonesia. While goverment intervention has certainly been abused for private gain, it has also been crucial for the sustained rapid growth and structural change experienced in the region...(see full in book...)
FotocopyThis important book provides a cogent critique of the nature of Southeast Asian capitalism. It argues powerfully that the crises are due not to excessive regulation, but to too much financial liberalisation and a consequent undermining of monetary and fiscal governance...(see full in book...)