Economic Restructuring In East Asia And India: Perspectives On Policy Reform (international Political Economy Series)

This book provides a comparative picture of the restructuring experiences of five Asian economies: South Korea, Singapore, Indonesia, Thailand and India. In the case of Indonesia and Thailand, the focus is on short-run structural adjustment measures, and in the case of South Korea and Singapore, the emphasis is on longer term industrial, trade, labour and financial sector policies. The chapter on India views the country's economic development in the light of the above analysis. The political economy of the policy-making process is examined in each case. "This book provides a comparative picture of the restructuring experiences of five Asian economies. South Korea and Singapore represent the success stories of Asian tigers. Indonesia and Thailand are making the transition to the Newly Industrialized Country status. One of the newest members of the 'restructuring club' is India, which, after four decades of import-substituting industrialization, is currently going through a reform process."--BOOK JACKET. "The restructuring experiences of these five countries are viewed within a common framework. The framework distinguishes between a short-term stabilization component and a long-term growth component of an economic restructuring package. The studies on South Korea and Singapore emphasize the longer-term aspects of restructuring, while the Indonesia and Thailand country-studies put more emphasis on the short-term aspects of restructuring. The India study describes the origins of the macroeconomic crisis of 1991 and puts into perspective the problems faced by the country at the beginning of the reform process."--BOOK JACKET This volume provides a comparative picture of the restructuring of five Asian economies: South Korea, Singapore, Indonesia, Thailand and India. The political economy of the policy-making process is examined in each case