This introduction presents an overview of the key concepts discussed in the subsequent chapters of this book. The book provides a critical evaluation of the idea of the market as the definitive form of co-ordination and of the socially embedded nature of market processes. It explores the idea of competition as an instituted economic process. The book focuses on an empirical study of cultural industries in East London. It also explores the instituted arrangements constituting the 'peculiar economics' of professional sports. The book presents an analysis of the emergence of one particular market in the UK, that for computer software. It examines some of the conditions which resulted in the UK coming to specialise in services to client companies rather than the production of software packages for an arm's length market. The book also provides an account of regional economic adaptation to changed market circumstances.
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This introduction presents an overview of the key concepts discussed in the subsequent chapters of this book. The book presents the case studies of the individual countries: Thailand, Indonesia, South Korea and the People's Republic of China (PRC). It examines the factors behind the financial crisis and highlights the underlying similarities and the fundamental differences between the individual cases. The book provides a review of the competing perspectives on the new international financial architecture. It explains a number of fundamental issues and its implications for the emerging market economies. The book also presents a more nuanced picture of the International Monetary Fund's (IMF) policies and its socioeconomic impact. It assesses the IMF's efforts to reduce moral hazard. The book also examines the reasons behind Asia's remarkable economic recovery and the challenges that lie ahead.