Mohamed Ariff, Chair of Economics and Finance, Sunway University, Malaysia and Ahmed M. Khalid, Professor of Economics, School of Business and Economics, University of Brunei Darussalam

• Contents: Foreword by Hal Hill Preface 1. Liberalization: Asia’s New-Found Development Strategy 2. Asian Financial Markets: From Crisis to Recoveries 3. China: A Command Economy Responding Well to Market Signals for a Long While Now 4. India: More than a Decade of Liberalization, Yet Not Fast Enough 5. Indonesia: Liberalization Amidst Exchange Rate and Now Growing Political Stability 6. South Korea: A Case of Capital Account Liberalization, Growth Collapse and Reforms to Recovery 7. Malaysia: Liberalization under Exchange and Capital Controls 8. Pakistan: Liberalization with Internal and External Shocks 9. Singapore: Continual Reforms to Maintain Financial Centre Status 10. Thailand: Open External Sector, Exposed Financial Sector 11. Lessons for Development through Liberalization Bibliography Index

'The book is well written and documented. It has assembled a large quantity of valuable data and provides objective and cogent analyses. . . the book is a significant contribution to Asian economic studies.'

Mohamed Ariff, Chair of Economics and Finance, Sunway University, Malaysia and Ahmed M. Khalid, Professor of Economics, School of Business and Economics, University of Brunei Darussalam

• Contents: Foreword by Hal Hill Preface 1. Liberalization: Asia’s New-Found Development Strategy 2. Asian Financial Markets: From Crisis to Recoveries 3. China: A Command Economy Responding Well to Market Signals for a Long While Now 4. India: More than a Decade of Liberalization, Yet Not Fast Enough 5. Indonesia: Liberalization Amidst Exchange Rate and Now Growing Political Stability 6. South Korea: A Case of Capital Account Liberalization, Growth Collapse and Reforms to Recovery 7. Malaysia: Liberalization under Exchange and Capital Controls 8. Pakistan: Liberalization with Internal and External Shocks 9. Singapore: Continual Reforms to Maintain Financial Centre Status 10. Thailand: Open External Sector, Exposed Financial Sector 11. Lessons for Development through Liberalization Bibliography Index

'The book is well written and documented. It has assembled a large quantity of valuable data and provides objective and cogent analyses. . . the book is a significant contribution to Asian economic studies.'

Mohamed Ariff, Chair of Economics and Finance, Sunway University, Malaysia and Ahmed M. Khalid, Professor of Economics, School of Business and Economics, University of Brunei Darussalam

• Contents: Foreword by Hal Hill Preface 1. Liberalization: Asia’s New-Found Development Strategy 2. Asian Financial Markets: From Crisis to Recoveries 3. China: A Command Economy Responding Well to Market Signals for a Long While Now 4. India: More than a Decade of Liberalization, Yet Not Fast Enough 5. Indonesia: Liberalization Amidst Exchange Rate and Now Growing Political Stability 6. South Korea: A Case of Capital Account Liberalization, Growth Collapse and Reforms to Recovery 7. Malaysia: Liberalization under Exchange and Capital Controls 8. Pakistan: Liberalization with Internal and External Shocks 9. Singapore: Continual Reforms to Maintain Financial Centre Status 10. Thailand: Open External Sector, Exposed Financial Sector 11. Lessons for Development through Liberalization Bibliography Index

'The book is well written and documented. It has assembled a large quantity of valuable data and provides objective and cogent analyses. . . the book is a significant contribution to Asian economic studies.'