Introduction /Fredrik Sjoholm and Jose Tongzon -- 1.Institutional transition and transition cost : a methodological consideration /Jang-Sup Shin -- 2.Educational reforms and challenges in Southeast Asia /Fredrik Sjoholm -- 3.Technological governance in ASEAN -- failings in technology transfer and domestic research /Jon Sigurdson and Krystyna Palonka -- 4.Interest rate policy and its implication on the banking restructuring programs in Indonesia /Reza Y. Siregar -- 5.Crisis, social sector and income distribution in Singapore and Thailand /Pundarik Mukhopadhaya -- 6.Effects of a crisis? Institutional adjustment and pro-poor growth in Thailand /Pernilla Sjoquist Rafiqui and Orjan Sjoberg -- 7.Singapore's extra-ASEAN free trade agreements and their implications for ASEAN /Jose L. Tongzon -- 8.Prospects for Asian monetary cooperation : pipedream or possible reality? /Peter Wilson