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Recently, real and artificial barriers to international transactions have fallen sharply, causing a rise in the overall volume of international trade. East Asia has been particularly affected by the economic stresses and gains derived from deregulation. "Deregulation and Interdependence in the Asia-Pacific Region" explores the broadly similar experiences of certain economies in the region--China, Hong Kong, Japan, Korea--in dealing with the potentially volatile process of deregulation, and examines the East Asian response to a rapidly transforming economic environment.