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The Depressing News from Asia


  • Marcus Noland

    () (Peterson Institute for International Economics)

  • Sherman Robinson

    () (Peterson Institute for International Economics)

  • Zhi Wang

    () (Peterson Institute for International Economics)


The World Bank began this decade talking of Asian miracles. It may enter the next one speaking of Asian depressions. After World Bank Vice President for Asia Jean-Michel Severino used the "d" word in May to describe the course of events in developing Asia, the organization was forced to come up with a technical definition for what had been a term of art.

Suggested Citation

  • Marcus Noland & Sherman Robinson & Zhi Wang, 1998. "The Depressing News from Asia," Policy Briefs PB98-5, Peterson Institute for International Economics.
  • Handle: RePEc:iie:pbrief:pb98-5

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