Boom and Bust: Financial Deregulation and the East Asian Financial Crisis of 1997/1998

This essay is also available on my site at http://www.geocities.com/rodentratman/index.html for non-super-users - it has diagrams and a full table. East Asia's attraction to foreign savers was a direct result of genuine growth in that region. This required productive investment in the construction of physical and human capital to increase the future productivity of workers. In turn, workers engaged in capital construction required food, clothing and shelter etc. (consumption), …

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