NPQ

Today's date:

Winter 1998

• POST GLOBALIZATION

• COMMENTARIES 2001-2007

• MADE IN CHINA

• THE TWO SOULS OF TURKEY

• THE NEW GLOBAL CINEMA

• MAKING GLOBALIZATION WORK

• DE-GLOBALIZE THE JIHAD

• THE THIRD WAVE'S THIRD WAY

• PLANET OF SLUMS

• THE GLOBAL IDEOLOGY
OF FEAR

• THE OTHER

• POST-NATIONAL
LITERATURE

• COLLAPSE OR MASSIVE
CHANGE?

• THE RISE AND FALL OF
AMERICA'S SOFT POWER

• THE SCIENTIFIC IMAGINATION

• PUBLIC DIPLOMACY

• THE HEADSCARF CONTROVERSY

• SCULPTURE AND THE
NEW SCIENCE

• BIOTECH AND THE
NEW BABEL

• WAR THROUGH THE
BACK DOOR

• ANTIAMERICANISM

• THE RISING SOFT POWER
OF CHINA & INDIA

• THE BUSH DOCTRINE

• FAIRNESS IN A FRAGILE
WORLD

• AMERICA'S MIGHT

• ISLAM IN THE 21ST CENTURY

• ANTIGLOBOS

• HOT PEACE

• MODUS VIVENDI

• LOOKING NORTH

• FROM WELL HAVING TO
WELL BEING

• POST-HUMAN HISTORY

• GLOBAPHOBIA

• THE GLOBAL MIND

• AFTER KOSOVO

• FROM VIETNAM TO KOSOVO

• DEGLOBALIZATION?

• THE RISE OF THE MEDIA-
INDUSTRIAL COMPLEX

• BOOM [NUCLEAR] AND
[BUST] ECONOMIC IN ASIA

• BEYOND CAPITALISM

• ASIAN CRISIS

• CHINA: THE ASIAN
RENAISSANCE

• SLOW IS BEAUTIFUL

• ECLIPSE OF THE BIG
PICTURE

• AFTER THE END OF
HISTORY

• THE EAST IS RED AGAIN

• HALF-A-HEGEMON

• THIRD WAVE TERRORISM

• HEIMAT

• Fall 1987

• Winter 1987

• Spring 1986

• Fall-Winter '84-'85

• Spring 1984

The Asian Economic Crisis - Its Origins and The Way Out

Michael Mussa is chief economist of the International Monetary Fund.

Graham Hacche is Assistant Director for the World Economic Studies Division of the IMF.

Washington - After International Monetary Fund programs for several east Asian economies were initially announced late last year, their crises unfortunately deepened. This is not entirely unusual. It took time for Latin America's "tequila" crisis of 1994-1995 to begin to turn around.

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