Has the new economy permanently changed the way leading economies work? How can its beneficial effects be transmitted to countries in the early stages of economic development? Why is Japan continuing to stagnate in a potentially prosperous age and Australia, with a smaller industrial and information technology base, is doing well?This book sets out the problems of measuring the effects of technological change on economic progress by using the internet in the Asia-Pacific region as a case study. Corporate and industry experience, including changing business organization and new regulatory issues are explored as well as policy issues such as the digital divide and the approach to e-commerce in the WTO. Using several industry case studies the contributors compare the IT experience in North America with a number of countries in Asia and the Pacific.With contributions by a number of distinguished authors, "The New Economy in East Asia and the Pacific" is an essential volume for policy-makers, corporate strategists and scholars concerned with understanding the effects of the new economy and its impact in Asia and the Pacific.