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Economic orthodoxy and the East Asian crisis

Jayasuriya, K. and Rosser, A. (1999) Economic orthodoxy and the East Asian crisis. Murdoch University. Asia Research Centre, Murdoch, W.A.

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Abstract

It is now clear that the economic crisis that struck East Asia so suddenly and violently at the end of 1997 has irrevocably altered the political and economic landscape of the region. Major Asian companies have gone bankrupt, anxious domestic and foreign investors have relocated vast amounts of capital abroad, interest rates have skyrocketed, and inflation and unemployment have soared. At the same time, the economic crisis has also led to the collapse of several governments within the region. In South Korea, an opposition party led ...

Publication Type: Working Paper
Murdoch Affiliation: Asia Research Centre
Series Name: Working Paper. Asia Research Centre
Publisher: Murdoch University. Asia Research Centre
Other Information: No. 94
URI: http://researchrepository.murdoch.edu.au/id/eprint/31212
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