Deregulation and Interdependence in the Asia-Pacific Region.

• Position: Review

Deregulation and Interdependence in the Asia-Pacific Region, edited by Takatoshi Ito and Anne O. Krueger, is available from the University of Chicago Press for $78.00. Real and artificial barriers to international transactions have fallen sharply recently, 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. This volume explores the broadly similar experiences of certain economies in the region -- China, Hong Kong, Japan, and Korea -- in dealing with the potentially volatile process of deregulation. It also examines the East Asian response to a rapidly transforming economic environment, and should interest business and...