This report presents the main findings of surveys of 3,700 manufacturing firms in Indonesia, Korea, Malaysia, the Philippines, and Thailand, conducted by the governments of these countries from November 1998 to February 1999. The resulting papers were prepared for a conference on Asian corporate recovery - " Asian Corporate Recovery: Corporate Governance, Government Policy, " and are collected in this book. The papers compare the effect of the 1997-1999 Asian economic crisis on various countries, sectors, and types of firms, in terms of output, exports, and employment. They analyze the causes of corporate decline and assess the policy options to foster corporate recovery. The impact of the financial sector crisis on the corporate sector is discussed through an analysis of corporates ' financial structure and credit needs. The extent of foreign corporate indebtedness is reviewed, as well as the role debt played in the propagation of the crisis. Each of the five survey countries prepared a report; these reports are also included in this volume.
(With permission from the World Bank Group)
