This volume contains three essays originally published in Asian Development Outlook 2007. Each one looks at how the economies of East and Southeast Asia have evolved in the period since the crisis of 1997–98.

The essays’ main conclusions caution against complacency and suggest a complex agenda for the future. They also underline the importance for the region both of strengthening its deftness in accessing new and growing markets in the global economy, and of assimilating and adapting to technological and organizational innovations.

To ensure continued expansion of opportunities, maintenance of open trading and financial systems remains vital. To minimize risks, countries must learn from their mistakes and diversify their sources of growth. Realizing these goals will require progress not only in domestic reforms but also in cooperation within the region and with economic partners in the rest of the world.

The main conclusions from these three essays caution against complacency and suggest a complex agenda for the future. They also underline the importance for the region both of strengthening its deftness in accessing new and growing markets in the global economy, and of assimilating and adapting to technological and organizational innovations. To ensure that opportunities expand, maintenance of open trading and financial systems remains vital. To minimize risks, countries must learn from their mistakes and diversify their sources of growth. Realizing these goals will require progress not only in domestic reforms but also in cooperation within the region and with economic partners in the rest of the world.

Download Beyond the Crisis: Emerging Trends and Challenges

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© 2007 Asian Development Bank

Beyond the Crisis Official Website

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