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Professor Yoshihara, an international expert on the Southeast Asian economies, looks beyond the causes of the current crisis to discuss what can be done to build a dynamic economy in Asia to ensure prosperity for the future. He takes the viewpoint that the only way to achieve this is to promote integration into the global economy through free trade and free capital movement. He puts forward a convincing argument that government intervention is not the way forward and has in fact helped cause the present crisis. But a prosperous future is possible, he argues, by renovating institutions and...

Professor Yoshihara, an expert on the Southeast Asian economies, looks beyond the causes of the late 1990s crisis to discuss what can be done to build a dynamic economy in Asia to ensure prosperity in the future. He believes the promotion of integration into the global economy will achieve this.