Abstract
The Southeast Asian countries at the centre of the crisis were for years admired as some of the most successful emerging market economies, owing to their rapid growth and striking gains in their populations’ living standards. With generally prudent fiscal policies and high rates of private savings, they were seen as models for many other countries.1 Even if there had been some forecasts of growth slowdown in the nineties,2 few considered these countries likely to have become involved in a spiral of financial and economic crises. Even if widespread currency devaluations seem to have come to a halt, the aftershocks in the countries of the region are continuing.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
ADB, Asia Responding to Crisis, (Asia Development Bank Institute: 1998).
Akrasanee, N., ‘Financial Crisis in Thailand: Causes, Consequences and Remedies’, paper prepared for the Seminar on Asian Financial Crisis at the ADB 31st Annual Meeting in Geneva (28 April 1998).
‘Asian Economic Survey’, Wall Street Journal, 26 October 1998.
Capannelli, G., ‘Old Problems and New Worries. How the Current Crisis Affects New ASEAN Members’, mimeo, ISESAO, Bocconi University (1998).
Corsetti, G., P. Pesenti and N. Roubini, ‘Paper tigers? A preliminary assessment of the Asian crisis’, paper prepared for the NBER-Bank of Portugal International Seminar on Macroeconomics (ISOM), Lisbon, (14–15 June 1998).
Economist Intelligence Unit, Country Reports: Vietnam, Laos, Myanmar, Cambodia, 4th Quarter 1998.
Elek, A., ‘Pacific Economic Cooperation: Policy Choices for the 1990s’ in D.K. Das (ed.) Emerging Growth Pole — The Asia Pacific Economy, (Singapore: Prentice Hall, 1996).
Funston, J., ‘ASEAN: Out of its Depth?’, Contemporary Southeast Asia, Vol. 20, No. 1, (April 1998).
IMF, World Economic Outlook — Interim Assessment (December 1997).
IMF, World Economic Outlook (1998).
Krugman, P., ‘The Myth of Asia’s Miracle’, Foreign Affairs, November/December 1994.
Montes, M., K. Quigley and D. Weatherbee, Growing Pains: ASEAN’s Economic and Political Challenges, (New York: Asia Society 1997).
Petri, P., ‘Historical Roots of the Asia-Pacific Interdependence’ in D.K. Das (ed.) Emerging Growth Pole — The Asia Pacific Economy, (Singapore: Prentice Hall, 1996).
Suthiphand, C., ‘Crisis and its Impact on ASEAN Economic Integration’, paper prepared for the International Workshop on ‘ASEAN-EU Relations: The Long-term Potential beyond the Recent Turmoil’, Como, Italy, 22–23, April 1998.
United Nations ‘The Asian Crisis: Toward Recovery and Reform’, paper presented at the Expert Group Meeting: ‘What have we learned one year into the financial crisis in emerging market economies?’, New York, 21–23 July 1998.
World Bank, The East Asian Miracle, (New York: Oxford University Press, 1993).
World Bank, East Asia. The Road to Recovery, Washington D.C. (1998).
World Bank, Social Consequences of the East Asian Financial Crisis, Washington D.C. (1998).
Editor information
Editors and Affiliations
Copyright information
© 2000 Palgrave Macmillan, a division of Macmillan Publishers Limited
About this chapter
Cite this chapter
Trivellato, B. (2000). Southeast Asia Facing Economic, Political and Social Crisis. In: Weber, M. (eds) After the Asian Crises. Palgrave Macmillan, London. https://doi.org/10.1057/9780333982983_3
Download citation
DOI: https://doi.org/10.1057/9780333982983_3
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-41748-3
Online ISBN: 978-0-333-98298-3
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)