Author Description

High growth rates, economic deregulation, and increasing marketization have made Asia the most dynamic region in the world. This is an investigation into the oil markets of that region, markets which are rapidly expanding as world energy trade adjusts to the high rate of energy demand growth in Asia. The key Singapore market, including its evolution and structure, is fully examined, together with the rapid growth of derivative trading and other forms of risk management. The impact of various derivative failures, such as the Baring's collapse, are also considered. A core section of the book examines the impact of market liberalization and structural industrial change as both take place throughout Asia, with particular reference to China, India, Japan, and Korea. The book shows that the link in Asia between economic development and regulation is not only complex but pervasive--and that understanding this link is vital to the comprehension of these markets.