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The Tenth Anniversary of the Asian Financial Crisis: A Retrospective on East Asian Economic Performance

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  • Edsel Beja Jr.

Abstract

We in the rich countries of the West are so accustomed to riding out recessions and even financial crises that it rarely occurs to us that those in other states may not fare as well. This Asian economist argues that four economically success stories of the 1980s and 1990s have not regained their economic dynamism since the crisis of 1997. Here are the facts.

Suggested Citation

  • Edsel Beja Jr., 2007. "The Tenth Anniversary of the Asian Financial Crisis: A Retrospective on East Asian Economic Performance," Challenge, Taylor & Francis Journals, vol. 50(5), pages 57-72.
    • Handle: RePEc:mes:challe:v:50:y:2007:i:5:p:57-72
    DOI: 10.2753/0577-5132500504
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    References listed on IDEAS

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    1. Valerie Cerra & Sweta Chaman Saxena, 2008. "Growth Dynamics: The Myth of Economic Recovery," American Economic Review, American Economic Association, vol. 98(1), pages 439-457, March.
    2. Hutchison, Michael M & Noy, Ilan, 2005. "How Bad Are Twins? Output Costs of Currency and Banking Crises," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 37(4), pages 725-752, August.
    3. World Bank, 2007. "World Development Indicators 2007," World Bank Publications - Books, The World Bank Group, number 8150, December.
    4. Valerie Cerra & Sweta Chaman Saxena, 2005. "Did Output Recover from the Asian Crisis?," IMF Staff Papers, Palgrave Macmillan, vol. 52(1), pages 1-23, April.
    5. Robert J. Barro, 2001. "Economic Growth in East Asia Before and After the Financial Crisis," NBER Working Papers 8330, National Bureau of Economic Research, Inc.
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