Meltdown

Meltdown

Asia's Boom, Bust, and Beyond

Book - 2000
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On July 2, 1997, Thailand made a decision to devalue the baht. At first, the move seemed merely another in the ceaseless cat-and-mouse game between bankers and speculators in exotic currencies. Yet the event would trigger a financial earthquake to shake a continentz In just over a year, the once wondrous Asian economy would lie in ruins. Today the aftershocks ripple from Sao Paolo to the Silicon Valley. How could a region that had been the most dynamic growth zone for a decade self-destruct seemingly overnight?Senior specialists at Business Week who have covered Asia's economy from boom to bust to the wrenching aftermath, Mark Clifford and Pete Engardio vividly tell the story of this debacle. Drawing on interviews with the region's leading politicians, industrialists, and technocrats, the authors explore the causes and implications of the most severe financial collapse since the Great Depression. The Asian economic "miracle" was not a mirage. The continent's development strategies went terribly wrong due to a tendency to carry initiatives to wild excess, compounded by problems hidden by authoritarian political systems. Can Asia's e
Publisher: Paramus, N.J. : Prentice Hall Press, c2000.
ISBN: 9780735201415
0735201412
Branch Call Number: 330/.95/0429/Cli 6173cg 1
Characteristics: xi, 322 p. : map ; 24 cm.
Additional Contributors: Engardio, Pete

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