H. Chang – författare

The financial crisis that hit a number of ''miracle'' economies of Asia in 1997 shocked the world. Financial Liberalization and the Asian Crisis rejects conventional explanations of the crisis as the outcome primarily of inefficient and corrupt economics systems in the countries concerned. It argues that the crisis was the result of premature and overly rapid financial liberalization in a world of increasing financial liquidity and volatility, and calls for a more cautious approach to financial liberalization, and a reform of the international financial architecture.

The book provides a comprehensive discussion of the controversial issue of industrial policy, drawing on some recent developments in economic theory in areas like political economy, institutional economics, industrial economics, and theories of technical progress. By integrating the analyses of political economy, economic institutions, and technical change into a single framework, the book offers policy conclusions which are of direct relevance to policy-makers. Drawing on the cases of Japan and Korea, the book also explores the economic and political conditions for the conduct of a successful industrial policy.

The book provides a comprehensive discussion of the controversial issue of industrial policy, drawing on some recent developments in economic theory in areas like political economy, institutional economics, industrial economics, and theories of technical progress. By integrating the analyses of political economy, economic institutions, and technical change into a single framework, the book offers policy conclusions which are of direct relevance to policy-makers. Drawing on the cases of Japan and Korea, the book also explores the economic and political conditions for the conduct of a successful industrial policy.

The financial crisis that hit a number of 'miracle' economies of Asia in 1997 shocked the world. Financial Liberalization and the Asian Crisis rejects conventional explanations of the crisis as the outcome primarily of inefficient and corrupt economics systems in the countries concerned. It argues that the crisis was the result of premature and overly rapid financial liberalization in a world of increasing financial liquidity and volatility, and calls for a more cautious approach to financial liberalization, and a reform of the international financial architecture.

For many years, cross-connections and backflow have been well understood.? Programs to prevent unhealthy situations from happening have been in place for many years.? However, a general and extensive study on their impacts, types of programs, incidents, and financial repercussions has not been conducted.? Many computer models for steady state or quasi-steady state simulation exist, but applications for transient state simulation, especially demonstrating backflow incidents, have rarely been done.The first objective of this project was to assess the impacts, financial and otherwise, of cross-connections and cross-connection control in North American water supplies and to North American water purveyors.? The project team also planned to create and use a computer model to simulate and demonstrate hydraulic changes in the transient state.Of the over 700 utilities surveyed, 91% were found to have a cross-connection control program.? Survey data indicated 65% of cross-connections were indirect and 35% were direct.? Sudden changes of water demands in piping networks can cause sub-atmospheric pressures within the systems resulting in backflow incidents.? Systems with larger variances in ground elevations have the greater possibility of creating sub-atmospheric pressures as water demands in the systems change.Originally published by AwwaRF for its subscribers in 2003?This publication can also be purchased and downloaded via Pay Per View on Water Intelligence Online - click on the Pay Per View icon below