List of Tables List of Figures Notes on the Contributors Introduction; H.Chang, G.Palma & D.H.Whittaker Economic Crisis in East Asia: The Clash of Capitalisms; C.Johnson Capital Market Crises: Liberalization, Fixed Exchange Rates and Market-driven Destabilization; L.Taylor Derivatives and Global Capital Flows: Applications to Asia; J.A. Kregel From 'Miracle' to 'Cronyism': Explaining the Great Asian Slump; R.Wade Thailand's Crisis: Neo-Liberal Agenda and Local Reaction; P.Phongpaichit & C.Baker Malaysian Débâcle: Whose Fault?; K.S.Jomo Indonesia: From Showcase to Basket Case; J.Pincus & R.Ramli Interpreting the Korean Crisis: Financial Liberalization, Industrial Policy and Corporate Governance; H.Chang, H.Park & C.G.Yoo Fashioning a New Korean Model out of the Crisis: The Rebuilding of Institutional Capabilities; J.A.Mathews Japan's Crisis: Evolution and Implications; D.H.Whittaker & Y.Kurosawa Responses to the Crisis: Constraints to a Rapid Trade Adjustment in East Asia's Electronics Industry; D.Ernst Asian Crisis and the Future of the Japanese Model; R.Dore The Economic Impact of the Asian Crisis on India and China; A.S.Bhalla & D.M.Nachane Three and a Half Cycles of 'Mania, Panic and [Asymmetric] Crash': East Asia and Latin America Compared; G.Palma Index