Southeast Asia Facing Economic, Political and Social Crisis

Benedetta Trivellato

Chapter 3 in After the Asian Crises, 2000, pp 50-69 from Palgrave Macmillan

Abstract: 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.

Keywords: Foreign Investment; Current Account; Banking Sector; Asian Crisis; World Economic Outlook (search for similar items in EconPapers)
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-333-98298-3_3

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DOI: 10.1057/9780333982983_3

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