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The crisis in Asia has caused economic hardship and brought an end to the 'economic miracle' of fast economic growth in the region. This book asks whether the 1997/8 crisis marks a break with the past and signals an end to 'Asian' ways of running economies. The book examines the social, economic, and political modes of governance in the region and finds a shifting balance between rule by the market, rule by connections, and rule by force.
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The crisis in Asia has caused economic hardship and brought an end to the 'economic miracle' of fast economic growth in the region. This book asks whether the 1997/8 crisis marks a break with the past and signals an end to 'Asian' ways of running economies. The book examines the social, economic, and political modes of governance in the region and finds a shifting balance between rule by the market, rule by connections, and rule by force.
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