The Downsizing of Asia

The Downsizing of Asia

by François Godement (Author), François Godement (Author), François Godement (Author)

Synopsis

Until very recently it was assumed that the Asian miracle of prodigious economic growth would continue indefinitely. Europe and America, it seemed, were being left behind. The recent financial crisis in Asia has now changed all that.
Francois Godement provides a broad-ranging survey of the regions economies since 1993 and explains the main reasons behind the recent financial crisis. He also examines important factors such as demography, Asian values, crony capitalism, industrial groupings and the wane of political authority.
The Asian miracle has not come to an end, but the author makes clear that improved self-regulation and discipline within the financial sector will be crucial if the economies of the region are to weather the uncertainties of the marketplace in the future and realize their full potential.

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More Information

Format: Illustrated
Pages: 252
Edition: 1
Publisher: Routledge
Published: 17 Dec 1998

ISBN 10: 0415198348
ISBN 13: 9780415198349

Media Reviews
Balanced yet provocative, wise yet fresh, complex yet lucid, Godement's analysis of the Asian debacle encompasses its economic, political, and cultural dimensions. The author, already recognized as one of the world's leading scholars of Asian international relations, now establishes himself as among the most insightful observers of its political economy. Americans particularly should study this book, although they will not be comforted by its condemnations of American policies.
-Michel C. Oksenberg, Stanford University
Godement writes with gusto, clarity and great empathy about Pacific Asia's crisis. He is a master of imagery and analogy in telling the complex tale of the stillborn birth of the Pacific Century. His analysis will stand as a tough test for those who prophesy China's rise or Pacific Asia's ability to bounce back by itself.
-Gerald Segal, International Institute for Strategic Studies
Francois Godement's penetrating analysis of the origins of the Asian economic crisis skillfully addresses economic institutions, political choices and cultural practices. He teaches us that the global economic uncertainties initiated by difficulties in Asia cannot be understood without careful attention to the parameters of political and economic decision making within the region and to the goals and policies of other major international actors. He reminds us how history can matter, if only we will listen.
-R. Bin Wong, University of California, Irvine