<DIV><DIV><P>The reform in Asian financial sectors—especially in banking and stock markets—has been remarkable since the currency crisis of 1997–98. East Asia is now a major player in international finance, providing serious competition to the more traditional financial centers of London and New York....</i></p></div></div>

<DIV>The rapid emergence of East Asia as an important geopolitical-economic entity has been one of the most visible and striking changes in the international economy in recent years. With that emergence has come an increased need for understanding the problems of interdependence. As a step toward...</div>

<DIV>Considering the examples of Australia and the Pacific Rim, <I>Growth and Productivity in East Asia</I> offers a contemporary explanation for national productivity that measures contributions not only from capital and labor, but also from economic activities and relevant changes in policy, education,...</i></div>

<DIV><DIV>The imbalanced, yet mutually beneficial, trading relationship between the United States and Asia has long been one of international finance’s most perplexing mysteries. Although the United States continues to post a substantial trade deficit—and China reaps the benefits of a surplus—the...</div></div>

<DIV>The international flow of long-term private capital has increased dramatically in the 1990s. In fact, many policymakers now consider private foreign capital to be an essential resource for the acceleration of economic growth. This volume focuses attention on the microeconomic determinants and...</div>

<DIV>Over the last twenty-five years, there has been an acceleration in the move from government regulation towards privatization. <I>Governance, Regulation, and Privatization in the Asia-Pacific Region</I> is the first thoroughgoing account of the relative success of the different approaches to...</i></div>

<DIV>Recently, real and artificial barriers to international transactions have fallen sharply, causing a rise in the overall volume of international trade. East Asia has been particularly affected by the economic stresses and gains derived from deregulation. <I>Deregulation and Interdependence in the...</i></div>

<DIV>The increased mobility and volume of international capital flows is a striking trend in international finance. While countries worldwide have engaged in financial deregulation, nowhere is this pattern more pronounced than in East Asia, where it has affected in unanticipated ways the behavior of...</div>

<DIV><P>Fluctuations of commodity prices, most notably of oil, capture considerable attention and have been tied to important economic effects, such as inflation and low rates of economic growth. <I>Commodity Prices and Markets </I>advances our understanding of the consequences of these fluctuations, providing...</i></p></div>

<DIV><DIV>Managing fiscal policy—the revenues and spending of an individual nation—is among the most challenging tasks facing governments. Wealthy countries are constrained by complex regulation and taxation policies, while developing nations often face high inflation and trade taxes. In this volume,...</div></div>