Miracle to meltdown: a pathology of the East Asian financial crisis
Article Abstract:
The East Asian financial crisis of the late 1990s is best characterized as the difference between the region's former prosperity and its extreme corporate debt. Declining output and depreciated exchange rates have been caused by neglecting private sector debt overhang and relying on macroeconomic policy solutions.
Publication Name: Third World Quarterly
Subject: International relations
ISSN: 0143-6597
Year: 1999
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The developmental implications of the Pacific Asian crises: the Thai experience
Article Abstract:
Thailand was drawn into the 1997-98 Asian financial crisis through high levels of price distortion. Thai growth from the 1960s created the reputation of the least interventionist nation in East Asia, but declining effectiveness of the developmental state made the Kingdom vulnerable to financial disruption.
Publication Name: Third World Quarterly
Subject: International relations
ISSN: 0143-6597
Year: 1999
User Contributions:
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