1. The Asian Economic Crisis
- Author:
- Linda Y.C. Lim, Frank Ching, and Bernardo M. Villegas
- Publication Date:
- 02-1999
- Content Type:
- Working Paper
- Institution:
- Asia Society
- Abstract:
- The ongoing Asian economic crisis that began in mid-1997 ranks as Asia's second biggest event in since world war ii. the crisis abruptly halted the region's unprecedented three decades of rapid economic growth. It has also had wider global repercussions-not only in terms of its effects on non-Asian economies but also its implications for established canons of Western economic theory and policy-making, particularly with respect to exchange rate management and open capital markets. Many noted American economists and international capital market actors now publicly disagree on these matters.
- Topic:
- Economics
- Political Geography:
- America and Asia