Myth of Recovery: The Asian Crisis More Than a Decade Later

• Main Author: Beja, Edsel L, Jr
• Format: text
• Published: Archīum Ateneo 2009
• Subjects: Economics
• Online Access: https://archium.ateneo.edu/economics-faculty-pubs/139; http://www.ipc-ateneo.org/content/myth-recovery-asian-crisis-more-decade-later
• Institution: Ateneo De Manila University

Three issues have been underplayed in the retrospective analyses of the 1997 Asian Crisis. First, economic performance of the crisis-affected economies in the post-crisis period has been inferior relative to their pre-crisis period performance. In short, the Asian Crisis played an important part in...