| 1 | | Introduction | | 3 |
| 2 | | Characteristics and accomplishments of the East Asian development paradigm | | 9 |
| 3 | | Development policies and governance | | 20 |
| 4 | | Failures of the East Asian development model : an overview | | 33 |
| 5 | | Failures in governance and institution building | | 37 |
| 6 | | Weaknesses of the corporate and financial sector | | 42 |
| 7 | | The buildup of the crisis | | 55 |
| 8 | | Causes of the East Asian crisis : structural weakness vs. liquidity panic view | | 63 |
| 9 | | A re-evaluation of the IMF reform program : wrong diagnosis and wrong prescription | | 71 |
| 10 | | The IMF structural reforms : inconsistencies in the program | | 78 |
| 11 | | Reform of government and industrial policy | | 87 |
| 12 | | Institution building for governance | | 96 |
| 13 | | Corporate sector reform : governance | | 105 |
| 14 | | Social welfare and industrial relations | | 112 |
| 15 | | Progress in and prospects for the financial sector reform | | 125 |
| 16 | | Exchange rate regimes : fear of floating | | 134 |
| 17 | | Capital account liberalization | | 149 |
| 18 | | Trade integration | | 163 |
| 19 | | Financial integration | | 172 |
| 20 | | Prospects for economic cooperation and integration in East Asia | | 185 |
| 21 | | Reserve accumulation in East Asia and transpacific trade imbalance | | 195 |
| 22 | | In search of a new East Asian paradigm for development | | 223 |
| 23 | | A long road to Anglo-Americanization | | 229 |
| 24 | | New paradigm for development : a mixed economic model | | 235 |
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