Region's slump can pave roads to reform, recovery

Article Abstract:

Infrastructure development is expected to help many Asian economies survive the battering brought by the currency crisis in the region. Infrastructure projects has the potential to jump-start an economy by its ability to provide jobs, attract investments and consequently effect a flow of money as well as enabling a review of prudent fiscal policies, both on the government and private sectors. Asian economies are expected to begin their recovery using infrastructure projects as a launching pad, both to address shortfall in facilities and immediately provide the needed pieces in economic recovery.

Analysis, Infrastructure (Economics), Economic aspects, Column, Economic policy, Asia, Fiscal policy

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Japan can't escape market discipline

Article Abstract:

Japanese companies lack market discipline and fail to take into consideration the bottom line in their funding mechanism. The inability to enforce simple capital market-enforced financial controls is at the core of Japan's economic woes. This has served to create a private sector that has very little concern over profitability or efficiency. Thus, despite their acknowledged manufacturing expertise and exquisite engineering capabilities, the Japanese are unable to enforce performance measures.

Japan, Management dynamics, Business enterprises

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