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In the aftermath of the Asian financial crisis of 1997-98, the Pacific Rim countries, especially the Southeast Asian economies, had to find ways of dealing with the effects of globalization. Especially in the financial sector, the international community was demanding the rule of law, international accounting standards, transparency, and a corporate structure that will permit investors and lenders better access to corporate decision-making. The research here is revisiting four countries Korea, Singapore, Thailand, and China to examine the progress of these economies in regard to corporate restructuring.

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