With its highly topical focus on the social, political and economic development of the Asia Pacific region this book represents a vital, up-to-date analysis for students and resesearchers in Asian Studies, International Relations, International Political Economy, as well as policy makers and professionals working in, or with, Pacific Asia. Bringing together experts in the field, this volume suggests that recovery in this region is by no means impossible nor as difficult as it might have first seemed.

Introduction Gerald Segal and David Goodman 1. Financial Reform: The Incomplete Transition Michael Heller 2. Industrial Reform: Insights from the Electronic Sector Michael Hobday 3. Changing Defence Policies Tim Huxley 4. What Happened to 'Asian Values'? Anthony Milner 5. China: Incomplete Reforms Michael Yahuda 6. Japan: From Crisis to Drama Jean Pierre Lehmann 7. Regional Solutions to Regional Problems? Michael Leifer 8. A New Relationship Between the West and Pacific Asia? François Godement 9. Coping With Corruption and Cronyism Peter Searle Bibliography

Gerald Segal is the Director of Studies at the International Institute for Strategic Studies in London. David S. G. Goodman is Director of the Institute for International Studies at the University of Technology, Sydney, and a member of the Australian government's Foreign Affairs council. Both have written extensively; the most recent collections they have co-edited include China Deconstructs: Politics, Trade and Regionalism and China Rising: Nationalism and Interdependence, both published by Routledge.