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The best and brightest recovery strategies. (prospering during Asia's 1998 economic crisis)

Article Abstract:

Business people across Asia have developed strategies to recover and prosper in the midst of the 1998 economic crisis. A Thai banker has aligned his bank with a powerful Dutch financial services corporation. Singapore Airlines is refurbishing airplanes when other Asian airlines sell stock to raise needed funds. Executive search firms have transitioned to posting applicants' resumes on the Internet. Japanese entrepreneurs have opened restaurants in urban areas where rents have significantly fallen.

Economic development

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The risk takers. (managing Asia's 1998 economic crisis"

Article Abstract:

Some Asian companies and governments have managed the late 1990s economic crisis better than others. Taiwan's Ulead Systems, a software company, resisted the temptation to borrow money to expand in risky markets and put its resources into product development. It is expanding with low debt. Singapore's cautious fiscal policy and long-term planning protected it from economic fluctuations. Japan ignored the consequences of stock market volatility and did not properly manage debt.

Singapore, Businesspeople

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The market for misery

Article Abstract:

Many poverty-stricken East Asians hoped to escape economic conditions but were fooled by claims of migrant work in other Asian countries. The people were treated like prisoners. East Asia's regional labor market is subjected to corruption and lawlessness as sweatshops and forced prostitution are new symbols of Asia's financial hard times.

Migrant labor

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