For much of the second half of the twentieth century, the Asian economic "miracle" has fueled the greatest expansion of wealth for the largest population in the history of mankind. In the summer of 1997, thirty years of economic boom came crashing back to earth. The reality of unrestrained speculation, inefficiently regulated currency exchange, banking instability and bad loans have struck the much-vaunted "Asian Tigers" like Thailand, Indonesia, Korea, and, finally, Japan, casting a shadow of uncertainty on a region recently to the fore in the world economic system. Recovery depends largely on reform within the Asian economies themselves and a cold assessment of the structural weaknesses that lay under the surface, but only now have come to light. The implications for world economies and, more broadly, the dynamics of world politics, are tremendous.
- ISBN10 0813390354
- ISBN13 9780813390352
- Publish Date 1 January 1999 (first published 31 December 1998)
- Publish Status Active
- Publish Country US
- Publisher Taylor & Francis Inc
- Imprint Westview Press Inc
- Format Paperback (UK Trade)
- Pages 328
- Language English