The baht spills over: South-East Asia

Article Abstract:

Thailand's currency, the baht, was nearly devalued in May 1997, and would have been except for a move on the part of the country's central bank. Stock markets in neighboring countries reacted to the situation, which is serious. At stake is investor confidence in the East Asian economy.

Securities and Commodity Exchanges, Security and commodity exchanges, Securities Exchanges, Stock-exchange, Stock exchanges, Exchanges, Thailand, Baht (Thailand), Greater East Asia co-prosperity sphere

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Six deadly sins: the recent troubles have exposed many myths about the tigers' past economic success

Article Abstract:

Several myths about the underlying cause of the Asian 'tigers' financial miracle have been revealed in the aftermath of the Fall, 1997 meltdown. Overinvestmet, small government, flexible economies, and long-term business relationships are among the myths examined.

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Is it over?

Article Abstract:

The tremendous growth experienced by several Asian economies, particularly Taiwan, Singapore, Hong Kong and South Korea, has slowed in recent years. Many are sanguine about future growth, but others are pessimistic. Economist Paul Krugman's views are presented.

Forecasts and trends, Developing countries, Krugman, Paul

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