Before and After the Crisis
Preface and acknowledgements
Since the first edition of my book, The Economies of Southeast Asia: the Growth and Development of ASEAN Economies (1998), was published, major economic developments affecting the countries of Southeast Asia have unfolded. The Asian economic crisis in particular, which hit the region in 1997 and 1998, has had significant economic implications for these countries so that another edition is required to incorporate this event and its aftermath. The new title for this book, The Economies of Southeast Asia: Before and After the Crisis, is appropriate because it attempts to analyse the economic development experiences of the member countries of the Association of Southeast Asian Nations (ASEAN) in the context of ASEAN economic cooperation before and after the 1997 crisis. Apart from the traditional issues of concern to ASEAN such as domestic capital development, environmental implications of continued industrialization and prospects for and challenges of an ASEAN Free Trade Area (AFTA), this book will also analyse the economic implications of China’s accession to the World Trade Organization (WTO) for the ASEAN countries, their growth prospects in the aftermath of the crisis and other challenges facing ASEAN as an institution. Some words of gratitude and acknowledgements are expressed to all the people and institutions who in one way or another have helped me in the process of completing this new edition. In particular, I wish to thank the ASEAN Secretariat for providing me with access to their trade data on the individual member countries, the National University of Singapore for the...
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