Development and Structural Change in Asia-Pacific

The economic miracle in Asia-Pacific was arguably the most spectacular development experience of the twentieth century. However, in 1997–8 financial crises engulfed these ‘miracle’ economies, raising questions about the viability of an East Asian development model.

In this book, the authors consider how the Asia-Pacific economies have developed since the financial crises, and highlight two inter-related themes: the effects of global forces on the national Asian economies and the different development paths taken by these economies as they jointly entered this new phase.

Questions raised by the book include:

Is globalisation a threat to development and prosperity in Asia-Pacific, or did globalisation ...

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