While Western attention has been focused on the Soviet Union and Eastern Europe, a quieter, cumulative revolution has occurred in Asia that may have greater consequences for world history. As we move towards the year 2000, Asia will become the dominant region in the world: economically, politically and culturally. Until the 1990s, the West set the rules. Now, Asians are making their own rules a…
The deep currency crisis which erupted in the beginning of July 1997 among the rapidly growing economies of Southeast Asia raises the question: "Have the rapid rates of growth in the late 1980s and early 1990s mortgaged the economic futures of these economies?" This book examines the economic bases for the crisis and characterizes the nature of the policy weaknesses that led to the crisis. Draw…