In the second half of 1997 Thailand, Malaysia, Korea and Indonesia experienced a massive outflow of foreign capital - more than $100 billion. The effects of this rival the worst years of the Latin …
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…
This book is a bold affirmation of the Asian "miracle" of development, an explanation of the reasons for its success, and a review of its implications. As McCord reminds us, understanding why and h…
This book asks why some countries have responded to the external constraints and opportunities arising from their global and regional economic context by opening up their economies. In particular, …