Deregulation and Interdependence in the Asia-Pacific Region

Recently, real and artificial barriers to international transactions have fallen sharply, causing a rise in the overall volume of international trade. East Asia has been particularly affected by the economic stresses and gains derived from deregulation. Deregulation and Interdependence in the Asia-Pacific Region explores the broadly similar experiences of certain economies in the region--China, Hong Kong, Japan, Korea--in dealing with the potentially volatile process of deregulation, and examines the East Asian response to a rapidly transforming economic environment.

Takatoshi Ito is professor in the Institute of Economic Research at Hitotsubashi University and a research associate of the National Bureau of Economic Research. Anne O. Krueger is the Herald L. and Caroline L. Ritch Professor of Economics, senior fellow of the Hoover Institution, and director of the Center for Research on Economic Development and Policy Reform at Stanford University, and a research associate of the National Bureau of Economic Research.