In recent years, much attention has been given to the unparalleled economic development of East Asia. The Changing Capital Markets of East Asia gathers a number of contributors who explore the growing sophistication of capital markets in this area and discuss the possible economic and political consequences.

Ky Cao brings together papers that analyze the recent changes in the emerging capital markets of East Asia and the implications that these changes may have for the international and regional capital markets in general. The volume explores global trends and their impact on the region; the changing patterns of capital market activity including the emergence of equity markets; the development of new frameworks of taxation and accounting; and provides case studies of South Korea and Taiwan. In challenging conventional thinking regarding the investigation of East Asian issues, which is usually local in nature, The Changing Capital Markets of East Asia providesa rounded view of East Asia's markets via the forces of domestic politics and history as well as of external structural changes.