O'Reilly logo

Development and Structural Change in Asia-Pacific by Christer Gunnarsson, Martin Andersson

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

4 Neo-liberalism on the defensive but not defeated?
A comparative review of the Asian crisis and lessons for the future
   
Chris Edwards

The crisis in East Asia — an introduction

Table 4.1 shows both the miracle of East and Southeast Asia and the extent of the crisis in 1998. 1 In 1998 the average fall in GDP for the four worst-affected countries (Indonesia, South Korea, Malaysia and Thailand) was 9 per cent. In terms of a deviation from the average for 1985–96, the loss averaged 17 per cent, equivalent, for these four countries, to more than 140 billion US dollars. In 1998, the population of these four countries was about 330 million so that the average per capita loss was over $400. This would be bad enough if the burden of ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required