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Eeast Asia Through a Glass Darkly: Disparate Lenses on the Road to Damascus

Author

Listed:
  • Dean, J.W.

Abstract

East Asia Through a Glass Darkly: Disparate Lenses on the Road to Damascus" This paper asks whether the Asian Crisis was a failure of Asian capitalism, or a failure of market capitalism. It begins with a stylized chronology of events that is broadly consistent with either hypothesis. It then re-tells the story, first through an "Asian failure" lens, and next through a "market failure" lens. The paper concludes by reporting what theoretical and policy consensus has so far emerged within the economics profession, as well as the quandaries that remain.

Suggested Citation

  • Dean, J.W., 1999. "Eeast Asia Through a Glass Darkly: Disparate Lenses on the Road to Damascus," Discussion Papers dp99-3, Department of Economics, Simon Fraser University.
    • Handle: RePEc:sfu:sfudps:dp99-3
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    More about this item

    Keywords

    FINANCIAL MARKET ; ECONOMIC CRISIS;

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets

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