Southeast Asia's Economic Crisis : Origins, Lessons, and the Way Forward / edited by H.W. Arndt and Hal Hill.

Overview of the issues -- The Indonesian crisis -- Swimming against the tide: crisis management in Malaysia -- The Philippine economy in the Asian crisis -- The Asian financial crisis: Singapore's experience and response -- Economic crises and the debt-deflation episode in Thailand -- Vietnam: ready for Doi moi II? -- Exchange rates in the East Asian crisis -- The crisis and financial sector reform -- Modelling the crisis in Asia -- The impact of the crisis on poverty and equity -- Political institutions and the economic crisis in Thailand and Indonesia -- ASEAN during the crisis.

Includes bibliographical references and index

"Southeast Asia is suddenly in crisis, the largest country - Indonesia - deeply so. This volume, comprising a set of specially commissioned papers, examines the origins, lessons, and future path of the crisis. Why didn't economists foresee the sudden and catastrophic events of 1997-98? How can seemingly robust and vigorous economies fall so far, so swiftly? Do we, in consequence, need to change the way we view the world? Is there anything to salvage of the "East Asian miracle"? Is Southeast Asia about to experience its own version of the "lost decade", analogous to that which afflicted much of Africa and Latin America in the 1980s?".