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Chapter Summary

This index section presents a list of terms and concepts that occur in this book East Meets West. The market approach overlooks the foundation of the financial system as a basis for corporate transparency, efficiency and accountability. The state approach neglects the requirement of free and competitive markets that prevent the rent-seeking behavior that results from government-business collusion. The opening of domestic capital markets to foreign economies without adequate protective safeguards allowed risky foreign investments to move about freely in East Asian countries.

Keywords: domestic capital markets; East Asian countries



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