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Introduction: interpreting the crisis

Beeson, M. and Robison, R. (2003) Introduction: interpreting the crisis. In: Beeson, M., Jayasuriya, K., Kim, H.R. and Robison, R., (eds.) Politics and Markets in the Wake of the Asian Crisis. Routledge as part of the Taylor and Francis Group, pp. 18-39.

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In the middle of 1997 East Asia was gripped by a major financial crisis that continues to affect the region. What was initially taken to be a relatively isolated shock has intensified and generated increasingly widespread economic and political effects which threaten to overturn much of the region’s established political and economic order. These events have been remarkable enough in themselves. For observers of the region there has been an additional, if rather less traumatic, consequence of the crisis: quite simply, it has forced a major reassessment of our understanding of the way political and economic activity is organised within the region, and about the place of the region in an increasingly integrated international system.

Item Type: Book Chapter
Murdoch Affiliation(s): Asia Research Centre
Publisher: Routledge as part of the Taylor and Francis Group
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