Explores the Puritan practice of thrift and belief in predestination.
Compares this to the Quaker practice of thrift for social justice and
equality, and the Methodist practice of thrift based on stewardship and the
responsibility to earn all one can, save all one can and give all one can.
Analyses the perceived link between individual liberty and religious
commitment and picks apart the individualism and collectivism embedded
within religious thinking on thrift.
This introduction presents an overview of the key concepts discussed in the subsequent chapters of this book. The book presents the case studies of the individual countries: Thailand, Indonesia, South Korea and the People's Republic of China (PRC). It examines the factors behind the financial crisis and highlights the underlying similarities and the fundamental differences between the individual cases. The book provides a review of the competing perspectives on the new international financial architecture. It explains a number of fundamental issues and its implications for the emerging market economies. The book also presents a more nuanced picture of the International Monetary Fund's (IMF) policies and its socioeconomic impact. It assesses the IMF's efforts to reduce moral hazard. The book also examines the reasons behind Asia's remarkable economic recovery and the challenges that lie ahead.