In recent years much attention has been given to the unparalleled economic development of East Asia. In The Changing Capital Markets of East Asia the author looks at the growing sophistication of capital markets in this area and discuss the possible economic and political consequences. The book analyses recent changes in the emerging capital markets of the region and the implication this may have for the international and regional capital markets in general. Each author looks at the same topic from a different angle and provides a rounded view, by encompassing the forces of domestic politics and history as well as external structural changes. Early chapters present the dominant global trends that are seen to be impacting on the direction of East Asian capital market development. The middle section goes on to look at the practicle aspects of capital market activity, from equity market emergence to the accounting and taxation frameworks applicable to business dealing in the capital markets of East Asia. The closing chapters provide national case studies of South Korea's and Taiwan's capital market conditions affected by regional and domestic political economic forces. The theme of the book is more strategic than technical and the work does not confine itself to a basic market analysis.The Changing Capital Markets of East Asia presents a valuable guide for all those interested in what causes and deteremines change in the private and public finance spheres.