This Article Full Text (PDF) References Alert me when this article is cited Alert me if a correction is posted Services Email this article to a friend Similar articles in this journal Alert me to new issues of the journal Add to Saved Citations Download to citation manager Add to My Marked Citations Citing Articles Citing Articles via HighWire Citing Articles via Google Scholar Google Scholar Articles by Fujita, K. Search for Related Content Social Bookmarking                   What's this?

Asian Crisis, Financial Systems and Urban Development

Department of Sociology, Michigan State University, Berkey Hall, East Lansing, Michigan 48824, USA, fujitak{at}pilot.msu.edu

The Asian financial crisis, which violently thwarted the east Asian miracle in the summer of 1997, has subsequently led east Asia to the building of a new financial architecture. This paper argues that the new financial architecture, modelled after the globally influential, market-centred US system, clashes with Japan's regionally active, state-centred financial system. And it explores the implications of these two financial systems for urban development in Asian capital cities. The paper concludes that Asian capital cities will do better with the state-centred financial system than with the market-centred financial system.

CiteULike    Connotea    Del.icio.us    Digg    Reddit    Technorati    What's this?

This article has been cited by other articles:

				A. Saito and A. Thornley Shifts in Tokyo's World City Status and the Urban Planning Response Urban Stud, April 1, 2003; 40(4): 665 - 685. [Abstract] [PDF]

				K. Fujita Neo-industrial Tokyo: Urban Development and Globalisation in Japan's State-centred Developmental Capitalism Urban Stud, February 1, 2003; 40(2): 249 - 281. [Abstract] [PDF]

				A. Saito Global City Formation in a Capitalist Developmental State: Tokyo and the Waterfront Sub-centre Project Urban Stud, February 1, 2003; 40(2): 283 - 308. [Abstract] [PDF]