This book outlines the events leading up to and during the Financial Crisis of 1997 and assesses the responses of the financial contagion.

The impact of the Asia crisis has contributed to the debate about the need for regulation of global markets. This book outlines the events leading up to and during the Financial Crisis of 1997 and assesses the responses of the financial contagion. The potential for economic reform is discussed and the willingness of legislators in South East Asia to create a new legal infrastructure to control business is studied. The discussion moves to the political arena, where the extensive use of the internet as a new medium is discussed using Malaysia as a case in point. The next section focuses on specific themes relating to labour, capital and political business. It studies the response of Malaysian labour to the financial and political crisis. Another contribution explores the tourism industry in Bali, and Indonesian economic and social meltdown. Finally, it examines the vulnerability of fast growth in the Thai telecommunications industry and the development of third world multinationals is assessed. Unfolding tensions between local and expatriate staff as a result of multinational corporate restructuring are explored.

Introduction "ASEAN Business In Crisis: Culture And Context", Mhinder Bhopal and Michael Hitchcock
the causes and consequences of South East Asia's economic crisis, Anne Booth
the economic crisis and law reform in South East Asia, Andrew
Harding
the power of transparency - the internet, e-mail, and the Malaysian political crisis, Len Holmes and Margaret Grieco
Malaysian unions in political crisis, Mhinder Bhopal
tourism and total crisis in Indonesia - the case of Bali, Michael Hitchcock
built on shaky ground? - the international expansion of Thailand's Jasmine Group, Pavida Pananond
downsizing the Thai Subsidiary Corporation - a case analysis, Tim G. Andrews
conclusion - Asian development in perspective.