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281administrative decentralization, 5administrative guidance 12, 16, 81, 82Anglo-American stockholder system, 7American legal system, 10, 41, 45, 46,48, 56 common sense , 46legal realism, 64, 65, 83sociological jurisprudence, 64structured irrationality, 10jury system, 10, 45, 48Asian Development Bank, 65, 250Asian financial crisis, 1, 2, 238 9Second Round of Reforms, 1, 2liquidity crisis, 1Association of Southeast Asian Nations(ASEAN), 91, 108Australia, 187, 190, 191, 192, 193, 195,201Austria, 23, 29, 152, 1661, 185, 187, 188,189, 191, 192, 201, 202authoritarian developmental state, 23,146, 167, 171bankruptcy laws, 26, 27, 28, 240 52,259, 260 8, 269 71creditor-friendly, 77, 244debtor-friendly, 27, 244, 26functions, 240 52hard budget constraints, 245Korean reforms, 258 9predictability and transparency, 263revision, 262 8Belgium, 191, 192, 196 Big Deal , 15, 82, 226, 229, 230, 259chaebol, 7, 25 6, 82, 87, 98, 126, 131,169, 170, 215 33, 256 60China, 7, 8, 93, 105, 107, 110, 113, 116,118diaspora Chinese, seeChinese diasporaChinese diaspora 17, 25, 26, 39, 99,100 4, 113, 114, 118, 119, 256enterprises in Southeast Asia, 25, 26,110, 256causes, 99Taiwan, 100 4, 112, 114, 118, 119civil law, 4, 9, 11, 16, 30, 49 50, 73, 76,271Europe, 76Japan, 49 50judg
281 administrative decentralization, 5 administrative guidance 12, 16, 81, 82 Anglo-American stockholder system, 7 American legal system, 10, 41, 45, 46,
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