In crisis affected East Asian economies, the traditional relationship
based business model is under threat, as major banks and corporates restructure
or are nationalised. Many corporates, banks and suppliers can no longer use
relationships to source and supply inputs and finance. Hence investment and
growth are not recovering. Regional governments increasingly recognise they
must rapidly construct a viable rules based business environment, supporting
arms length dealings, if their economies are to return to robust growth.
The report analyses how major regional economies are responding to this crucial
challenge.

These developments have important implications for Australian business.
First, those economies adopting stronger corporate governance standards should
grow faster and be more viable trade and investment partners. Second, market
access reforms and weaker local relationships should generate opportunities
for Australian exporters, financial institutions and investors. Finally,
Australian business service suppliers can help make East Asian corporates
more open and accountable.

The first volume of this two volume report surveys and compares major
market and corporate regulatory developments in East Asia and draws implications
for business and government. The second volume provides a detailed analysis
of current market and regulatory developments in 12 major regional economies:
Japan, China, the Republic of Korea, Taiwan, Hong Kong, Indonesia, Thailand,
Malaysia, the Philippines, Vietnam, Singapore and Australia.

• Executive Summary (PDF
  - 93KB)
• Table of Contents (full
  details, 100KB)
• Chapter 1: Crisis
  Drives Corporate Change?
• Chapter 2: Markets
  Governing Corporations
• Chapter 3: Regulating
  Corporate Behaviour
• Chapter 4:
  Implications for Development Assistance
• Chapter 5: Implications
• Chapter 6: Japan
• Chapter 7: China
• Chapter 8: Republic
  of Korea
• Chapter 9: Taiwan
• Chapter 10: Hong
  Kong
• Chapter 11: Indonesia
• Chapter 12: Thailand
• Chapter 13: Malaysia
• Chapter 14: Philippines
• Chapter 15: Vietnam
• Chapter 16: Singapore
• Chapter 17: Australia

• Changing Corporate Asia - What Business Needs to Know, 7 March 2002

• The report was launched by the Minister for Foreign Afairs,
  The Hon Alexander Downer, on 7 March 2002 in Sydney.
• Speech by
  the Minister for Foreign Affairs and Trade, The Hon Alexander Downer,
  
  at the launch of the Economic Analytical Unit report: Changing
  Corporate Asia: What Business Needs to Know
  
  Sydney Renaissance Hotel, Sydney, 7 March 2002
• Presentations were also given by:
  • Dr Frances Perkins, Executive Director, EAU
    • presentation | MS Word (136KB) | Adobe PDF (40KB)
    • powerpoint presentation (MS PowerPoint 736KB)
  • Mr John Hall, CEO, Australian Institute of Company Directors
  • Ms Sandra Birkensley, Partner, PricewaterhouseCoopers
  • Mr Andrew Bristow, Partner, PricewaterhouseCoopers Legal