The Asian financial crisis had a profound impact on the global economy. Growth is expected to be slower; risks are higher; and the international flows of capital have been dislocated. Above all, it has set out forces of new conditionality surrounding the developmental state, constraining its...

After examining the critical role of the two five year plans (1962-67, focusing on infrastructure development and import substitution; 1967-72, emphasising export oriented industrialisation) in the rapid economic progress of (S) Korea, this paper discusses how mismanaged financial liberalisation...

Computable General Equilibrium models represent a state-of-the-art multisectoral tool for policy analysis in mixed economies. Simulations of the model provide insight into the quantitative structural effects of economic policies, taking into account interactions throughout the economy in a...