The 1997-98 financial crisis in
Southeast Asia as a whole
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The financial crisis of 1997-98 in
Asia as a whole
- What's happening to the
of Southeast Asia?
- By Deirdre Griswold, in Workers World,
16 October 1997. Crisis of southeast Asian economies since July.
Working class poorer and more exploited, while an increasingly
narrow elite acquires wealth; overseas finance capital dominates;
Soros; the IMF.
- Asia's Market Woes Ricochet Into Politics
- By Yvan Cohen, in the Christian Science
Monitor, 23 October 1997. Overview of the financial crisis
in southeast Asia.
- Indonesia invites Anwar to give talk on crisis
- The Star, Saturday 25 October 1997.
The Indonesian government has invited Deputy Prime Minister
Datuk Seri Anwar Ibrahim to give a talk on the region's currency
and stock market crisis. Indonesia eager to hear Anwar's views
and steps taken by Malaysia to overcome the situation so it
could be applied to Indonesia's situation.
- Kuala Lumpur bourse world's worst performer; regional
markets hit by Malaysian tumble
- Straits Times, 21 November 1997.
- Mexico 'Bailout' Revisited
- Militant Editorial, 15 December 1997. The
IMF bailout of Southeast Asia by US and Japan is modeledd on the
Mexico bailout, and this means a cut in social programs and also
economic hardship for a broad segment of the population so that
profits are protected.
- The End of a
Miracle. Speculation, Foreign Capital
Dependence and the Collapse of the Southeast Asian Economies
- By Walden Bello, The Multinational Monitor,
January/February 1998. Economic model and economic realities. Sidebar
- 'Resist pull of economic nationalism'
- By Paul Jacob, The Straits Times, 31 July
1998. The Trade and Industry Minister in a speech for the 30th
anniversary of Iseas recommended the region resist the temptation
to turn inwards even though some have now questioned the benefits
of plugging into the global network. Re. the perception that
globalisation and foreigners are to blame for the region's economic
- How Did the Financial Crisis in Southeast Asia
- By By Ju-chang He, ShenZhen, P.R. China, 14 October 1998.
Flu grips Asian economies
- From the Militant, 15 December 1998.
In response to the Asian Development Bank (ADB) report.