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The tigers teeter dangerously

Article Abstract:

Values like hard work and family solidarity may not be enough to withstand the financial crisis and possible political instability that threatens twenty years of prosperity for East Asia. Attacks on Hong Kong's currency, a run on a small Chinese bank, and a stock market crash have left many in Pacific Rim nations panicked. The economic instability may endanger US interests contingent on Asian partnerships.

Political aspects, Asia, Pacific Rim, Social stability

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Cronyism crashed

Article Abstract:

Peregrine is now bankrupt with estimated debts of $1 billion, victim of a series related business failures spawned by the collapse of the Indonesian rupiah. Philip Tose, architect of Peregrine's rise as the first Western firm to master Asian crony capitalism, reflects on Indonesia's failure to adopt reforms in December 1997, and on his desperate attempts to save the firm.

History, Indonesia, Business ethics, Company Profile, Bankruptcy, Peregrine Investments Holdings Ltd.

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Urban warfare

Article Abstract:

Hong Kong and Singapore are in the midst of an economic competition and each believes it is destined to become the regional business hub. Both countries are fighting a war of economic ideology and are positioned well to rebound from the Asian economic turmoil, despite their smaller markets compared to Japan.

Singapore, Competitions, Regional economics, Hong Kong foreign relations, Singapore foreign relations

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