This book aims to distil from both sets of developments before and after the Asian crisis of 1997 a generic business model for East Asia in the context of the new economy. Globalisation, information communication technology, knowledge-based economy, deregulation and emerging new competition delineate and set the challenges for the new economy. More rapid technological change in the new globalised economy means greater creative destruction and tick of premature obsolescence to companies and workers of capital, job skills and earning power.