The Asian financial crisis of 1997-98 shook the foundations of the global economy and what began as a localised currency crisis soon engulfed the entire Asian region. What went wrong and how did the Asian economies long considered 'miracles' respond? How did the United States, Japan and other G-7 countries respond to the crisis? What role did the IMF play?. Why did China, which suffers many of the same structural problems responsible for the crisis remain conspicuously insulated from the turmoil raging in its midst?. What explains the remarkable recovery now underway in Asia? In what fundamental ways did the Asian crisis serve as a catalyst to the current thinking about the "new international financial architecture"?. This book provides answers to all the above questions and more, and gives a comprehensive account of how the international economic order operates, examines its strengths and weaknesses, and what needs to be done to fix it.

About the Author
Shalendra Sharma is associate Professor of Political Science at the University of San Francisco


Book Information
ISBN 9780719066030
Author Shalendra Sharma
Format Paperback
Page Count 416
Imprint Manchester University Press
Publisher Manchester University Press
Weight(grams) 572g
Dimensions(mm) 234mm * 156mm * 21mm