THE ASIAN FINANCIAL CRISIS: LESSONS FROM THAILAND

The origin of the crisis lies in the private sector, which misallocated financial resources with government approval. Inappropriate Western-style policies—aimed to improve economic conditions—only worsened the situation.

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Bibliographic Details
Published in:The Fletcher forum of world affairs 1999-04, Vol.23 (1), p.87-107
Main Author: JACQUE, LAURENT L.
Format: Article
Language:English
Subjects:
Asia
Crisis
Economic conditions
Finance
Panics (economics)
Political economy
Special Features
Thailand
Online Access:Get full text
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Description
Summary:The origin of the crisis lies in the private sector, which misallocated financial resources with government approval. Inappropriate Western-style policies—aimed to improve economic conditions—only worsened the situation.
ISSN:1046-1868