The Changing Capital Markets Of East Asia

This book examines the changing capital markets in East Asia and their impact on the global and regional markets. It discusses global trends influencing the development of these markets, practical aspects of capital market activity, and case studies of South Korea and Taiwan.

In recent years much attention has been given to the economic development of East Asia. This book analyzes recent changes in the emerging capital markets of the region and the implication such changes may have for the international and regional capital markets in general. Early chapters present the dominant global trends that are seen to be impacting on the direction of East Asian capital market development. The middle section goes on to look at the practical aspects of capital market activity, from equity market emergence to the accounting and taxation frameworks applicable to business dealing in the capital markets of East Asia. The closing chapters provide national case studies of how South Korea's and Taiwan's capital market conditions have been affected by regional and domestic political economic forces.