In search of a New Paradigm of Development for Post-Crisis East Asia

Part one: Introduction

Part Two: Accomplishments and Failures of the East Asian Development Model

1. Accomplishments and Characteristics of the East Asian Development Paradigm
1-1. Overview
1-2. Fundamentally Sound Development Policies
1-3. Interventionist Policies
1-4. The Governance System

2. Causes of the East Asian Crisis and Structural Weaknesses of the East Asian Model
2-1. Overview
2-2. Structural Weakness or Financial Panic
2-3. Failures of the East Asian Development Model

3. Governance and Institutional Quality
3-1 The Breakdown of the Consultative Mechanism
3-2 Institutional Quality

4. Financial Sector Fragility: Financial Repression and Crony Capitalism
4-1. The Financial Weakness View
4-2. A Counter View

5. Weaknesses of the Corporate Sector

Part Three: Reform Agenda for a New East Asian Paradigm of Post Crisis Development?

1. The Background for Rethinking the East Asian Miracle
1-1. Overview
1-2. Structural Reform and Recovery

2. In Search of a New East Asian Paradigm of Development: A Sketch

3. Reform of the Public Sector
3-1. Governance
3-2. New Economy: New Industrial Policy in an Emerging New Economy

4. Social Protection

5. Democratization and Labor Participation

6. Reform of the Financial Sector

7. Reform of the Corporate Sector

8. Exchange Rate Regimes in East Asia
8-1. Overview
8-2. Fear of Floating
8-3. Intermediate Regimes for East Asia

9. Capital Account Liberalization
9-1. Overview
9-2. Capital Account Liberalization and Economic Recovery in East Asia
9-3. Prospects for Capital Account Liberalization in East Asia

Part Four: Concluding Remarks
References