Revistes Catalanes amb Accés Obert (RACO)

Currency Meltdown in Southeast Asia: Global Capital as the New 800 Pound Gorilla

Christopher Lingle


The story of East Asian miracle economies now appears to have been one part illusion and
another part momentary bingeing that involved massive mobilization of inputs that contributed
to unsustainable growth spurts. Those who detected a new form of capitalism in Japan's development model or in that of its East Asian protégés will be disappointed to find that there is nothing new under even the rising sun.

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