This book provides a comparative picture of the restructuring experiences of five Asian economies: South Korea, Singapore, Indonesia, Thailand and India. In the case of Indonesia and Thailand, the focus is on short-run structural adjustment measures, and in the case of South Korea and Singapore, the emphasis is on longer term industrial, trade, labour and financial sector policies. The chapter on India views the country's economic development in the light of the above analysis. The political economy of the policy-making process is examined in each case.

PRADEEP AGRAWAL is Professor of Economics and heads the Reserve Bank of India Endowment Unit at the Institute of Economic Growth, Delhi. He holds a PhD in economics from Stanford University. His areas of research interest include macroeconomics, development, and Econometrics. He has published in several professional international and national journals in these areas.

List of Tables and Figures - List of Abbreviations - Notes on the Authors and Institutions - A Conceptual Framework - Korea: Industrial and Financial Restructuring - Singapore: Export Oriented Industrialization - Indonesia: Adjustment in the Eighties - Thailand: Stabilization with Growth - India: Crisis and Response - Conclusions - Bibliography - Index