|10||Epilogue: rest in peace or a relevant piece for the rest?|
|Industrialisation models and the new regional division of labour in Asia-Pacific|
|Martin Andersson and Christer Gunnarsson|
Standard interpretations of the Asian financial crisis tend to be focused on the role of government policies and ‘quality’ of institutions. The crisis is taken to be an effect of either too much government regulation and lack of transparency within the realm of an Asia-Pacific developmental state, or weakened national institutions under increasing financial globalisation. So the issue is either that the state has been too encompassing and unrestricted by legal institutions (rule of law), or that a gravely weakened state has been unable ...