East Asia's financial crisis quickly has deteriorated into an economic and social crisis. This study presents an analysis of the crisis, provides a report card on progress within the region, and suggests policy directions that will affect the pace of recovery. There were three weaknesses in the foundation of East Asia's growth: i) Large current account deficits, financed with short-term flows, exposed East Asian economies to sudden reversals. ii)...
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DETAILS
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1998/01/01
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Publication
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18457
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1
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1
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2024/09/02
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Disclosed
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East Asia : the road to recovery
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Economic crisis
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East Asia : the road to recovery (Vietnamese). Washington, DC: World Bank. http://documents.worldbank.org/curated/en/697271468770742244