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The financial world was been rocked by the developments in the Asian stock market. This book provides developmental insight for anyone who wants to understand the complex financial origins of the situation in East Asia.The "Tigers" and "Dragons" of East Asia have emerged as the world s leading economic powers. Leading Asian financial economists here investigate the role of foreign private-sector firms --- especially from Japan and the US --- in this recent and explosive economic growth. With examples from China, Hong Kong, Indonesia, Malaysia, the Philippines, Singapore, Taiwan, and Thailand, this book is the first to explore the successful synergy between governmental policies and industrial strategies in East Asia.
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