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Asia's Turning Point: An Introduction to Asia's Dynamic Economies at the Dawn of the New Century by Philippe Debroux, Ivan Tselichtchev

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Contents

Acknowledgments

Prologue

Part 1 Region

1 The East Asian Miracle in Retrospect

Similarity in Diversity

Why Rapid Growth?

The East Asian Model of Capitalism: An Outline

The East Asian Model of Capitalism: How It Worked for Growth

The Asian Crisis: The Final Curtain

Entering a New Stage

2 A New Wave of Growth

East Asia in the World: Its Present Position

Running Fast But Slowing Down

Labor and Capital: Inputs and Productivity

Growth Drivers on the Demand Side

China-led Growth

The Growth of Poor Quality: Energy Inefficiency and Environmental Unfriendliness

The Impact of the Global Financial Turmoil

Concluding Remarks

3 Structural Transformation: The State

The Developmental State Is Yesterday

“Less Government, More Market”

Industrial Policy: Still There, But…

An Emphasis on Upgrading and Innovation

Modernizing Agriculture: A New Old Task

SOEs and GLCs as Leaders in the Market Economy

Concluding Remarks

4 Structural Transformation: Business

Three Big Shifts

Ownership Shift

Corporate Governance Shift

Dominant Shareholders: A New Mentality, a New Mode of Action

Concluding Remarks

5 Structural Transformation: Labor Relations

Overview: Directions of Change and New Challenges

Evolving Practices and Way of Thinking

The Signs of a New HRM System

Building Sustainable Labor Relations

Concluding Remarks

6 Regional Integration and Prospects for the East Asian Community

The Interdependence of East Asian Economies

East Asia’s FTAs

Regional Institution Building: ASEAN Plus Three

The Creation ...

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