Economic liberalization and integration in East Asia: a post-crisis paradigm/ Yung Chul Park.

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English
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Contents; List of Figures; List of Tables; List of Abbreviations; Part I. Successes and Failures of the East Asian Development Paradigm; 1. Introduction; 2. Characteristics and Accomplishments of the East Asian Development Paradigm; 2.1. East Asian Development Models of Four Different Generations; 2.2. Accomplishments of the East Asian Development Model; 2.3. Initial conditions, Asian values, and Institutions; 3. Development Policies and Governance; 3.1. Market Friendly Policies; 3.2. Interventionist Policies and Export Promotion; 3.3. The Role of Government and Governance
4. Failures of the East Asian Development Model: An Overview5. Failures in Governance and Institution Building; 5.1. The Breakdown of the Governance Mechanism; 5.2. Institutional Quality; 6. Weaknesses of the Corporate and Financial Sector; 6.1. Corporate Sector: the Fall of East Asian Corporations; 6.2. Financial Sector Fragility: Financial Repression and Crony Capitalism; Part II. The Asian Crisis: Causes and Consequences; 7. The Buildup of the Crisis; 7.1. Capital Inflows and Investment Boom and Bust; 7.2. Structural Reform and Recovery
8. Causes of the East Asian Crisis: Structural Weakness vs. Liquidity Panic View8.1. Structural Weaknesses; 8.2. Were they the Direct Causes?; 8.3. The Liquidity Panic View; 9. A Re-evaluation of the IMF Reform Program: Wrong Diagnosis and Wrong Prescription; 9.1. The IMF as a Manager and Lender of Capital Account Crises; 9.2. Multiplicity of Reform Programs; 10. The IMF Structural Reforms: Inconsistencies in the Program; 10.1. Conflicts between Structural Reform Measures; 10.2. Wrong Sequencing in Financial and Corporate Restructuring; Part III. Institutional Reform: Challenges and Prospects
11. Reform of Government and Industrial Policy11.1. The Role of Government; 11.2. Industrial Policy and Export Orientation; 12. Institution Building for Governance; 12.1. Governance; 12.2. Public Sector Malfeasance; 13. Corporate Sector Reform: Governance; 13.1. Corporate Debt Workout; 13.2. Restructuring of Family-owned Industrial Groups; 14. Social Welfare and Industrial Relations; 14.1. Social Welfare; 14.2. Democratization and Labor Participation; Part IV. Financial Liberalization and Opening; 15. Progress in and Prospects for the Financial Sector Reform
15.1. Banks vs. Capital Markets in Emerging Economies15.2. Reform Agenda; 16. Exchange Rate Regimes: Fear of Floating; 16.1. Reluctant Floaters; 16.2. Intermediate Regimes for East Asia; 17. Capital Account Liberalization; 17.1. Capital Account Liberalization and Economic Recovery in East Asia; 17.2. Prospects for Capital Account Liberalization; Part V. Economic Integration in East Asia; 18. Trade Integration; 18.1. Proliferation of Bilateral FTAs; 18.2. Factors behind the Proliferation of FTAs in East Asia; 18.3. Negotiated Liberalization or Protectionism?;
19. Financial Integration 9.1. The Chiang Mai Initiative