THE ASIAN CRISIS AND THE GLOBAL ECONOMY - CAUSES, CONSEQUENCES, AND CURE

Authors
Citation
R. Wade, THE ASIAN CRISIS AND THE GLOBAL ECONOMY - CAUSES, CONSEQUENCES, AND CURE, Current history, 97(622), 1998, pp. 361-373
Citations number
2
Categorie Soggetti
International Relations","Political Science
Journal title
ISSN journal
00113530
Volume
97
Issue
622
Year of publication
1998
Pages
361 - 373
Database
ISI
SICI code
0011-3530(1998)97:622<361:TACATG>2.0.ZU;2-P
Abstract
''Until Asian governments adopt expansionary policies, take control of short-term capital movements, and cooperate regionally, the crisis is likely to drag on and on, like water torture, bringing poverty and in security to hundreds of millions of people and turning parts of Asia i nto a dependency of the IMF and its number one shareholder. Recent pol icy changes suggest that this lesson is slowly being learned.''