Preface by Jorge Braga de Macedo and Tadao Chino -- Introduction by Colm Foy, Yun-Hwan Kim and Helmut Reisen -- Part One: Financial Resources for Development -- Post-Crisis Policy Agenda for Reforming the Financial Sector in Asia by Yun-Hwan Kim -- Fiscal Outcomes and the East Asian Economic Crisis by J. Edgardo Campos and David Jay Green -- The Need for Foreign Savings in Post-Crisis Asia by Helmut Reisen and Marcelo Soto -- Best Practices for Promoting Private Sector Investment in Infrastructure by Sean O'Sullivan -- Part Two: Putting Policies into Practice -- Inaugural Address by Stephane Pallez -- Welcoming Remarks by Jorge Braga de Macedo -- Keynote Address by Tadao Chino -- Post-Crisis Asia: Resource Managmeent through Capital Markets, IFIs, and the Private Sector by Chtrisine Wallach -- Towards Sustainable Growth of the Asian Economy by Ken Yagi -- Complacency is Out of Place by Norbert Walter -- Public Expenditure Reform by Hafiz Ahmed Pasha -- Risk-Infomred Capital Flows - A Global VaR Approach by Jose Braz -- Foreign Direct Investment in Korea: The Role of Ombudsman by Kim-Wan Soon -- Lessons from the Asian Crisis by Philippe de Fontaine Vive -- Programme -- List of Authors and Participants

Two-thirds of the world's poor live in Asia. The major objective for the region, therefore, must be to reduce poverty. It has become clear in the wake of the crisis that the public sector can no longer shoulder the burden of financing pro-poor growth alone. At the same time, it is also clear that official aid flows throughout the world, and particularly in Asia, have been declining since the middle of the 1990s. Therefore, the private sector must be encouraged to provide at least part of the financing. This is the major message of the book. Two ways of achieving this are proposed. One is to attract more foreign direct investment and portfolio investment, rather than to rely on borrowing, to reduce financial vulnerability. The other is to promote partnerships between the state and the private sector, rather than simply to privatise the more lucrative branches of publicly owned and operated services. This book, co-edited by the OECD Development Centre and the Asian Development Bank, presents an original and comprehensive approach to the problem of obtaining support for maintaining development projects in the wake of the global financial crisis. The book brings together varied and complementary opinions from participants -- from the worlds of business, finance, government, academia and the media -- in the sixth annual International Forum on Asian Perspectives, held in Paris in July 2000. Sustainable Recovery in Asia: Mobilising Resources for Development constitutes a reference work on Asia and provides an excellent basis for policy advice for governments and policy makers.