Features an analysis of the Asian financial crisis and its impacts on the economies of the region by thirty-five scholars and professionals working in the area. This volume contains a detailed analysis of the root causes of the crisis. It presents the analysis with a quantitative approach and also a more qualitative approach.

1. Introduction. The post-financial crisis challenges to Asian industrialization (J.H. Yoo, R. Hooley). 2. Structural Causes of the Asian Financial Crisis. Structural causes of the Asian financial crisis (H. S. Choke, H. Y. Dung). Contagion or simple transmission of business cycles? The case of the Asian crisis? (S.H. Kim, M.A. Kose, M.G. Plummer). The Korean economic crisis: What is and what ought to be done (U.C.Chung). Bank financial structure in pre-crisis south and south-east Asia (S.A. Reynolds, S. Ratanakomut, J.P. Gander). An econometric valuation of the east Asian crisis (J. Lee, J. Yano). 3. Trade and Globalization Trends after the Crisis. The structure and composition of international trade and foreign investment in Asia: Historical trends and future prospects (M. Dowling, D. Ray). Ten years of APEC: Performance and prospects (H. Ahn). Apec's open regionalism and WTO's MFN (S.H. Park). Competition and complimentarity in north-east Asia trade: A Korean perspective (S.Y.Nam). Causes of trade conflict: The Korean case vis-a-vis the global trend (D. Lee). Foreign direct investment and accelerated industrialization of the Chinese economy (M. Dutta). 4. International Monetary and Financial Impacts of the Crisis. The Asian currency crisis and the regional monetary system (T.J. Kim, J.W. Ryon). Policy considerations toward a new financial order (S.C. Kim). Determinants of recent FDI flows in the Asia pacific region (H. Lee). A proposal for Asian regional financial co-operation in the age of global financial integration (Y. Wang). Redesigning channels of capital flow in the age of global finance (S. Min). Korea's FDI policy after the currency crisis (M.J. Kim). An analysis of Korean and Japanese FDI in ASEAN countries (S.M. Yoo). Reconsideration for effective financial policy after the Korean currency crisis. (C.O. Rhee).