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Obstacles to Implementing Lessons From the 1997-1998 East Asian Crises / Jomo Kwame Sundaram.
- Format:
- Book
- Government document
- Author/Creator:
- Jomo K. S. (Jomo Kwame Sundaram), author.
- Series:
- UN Department of Economic and Social Affairs (DESA) Working Papers, 2520-6656 ; no.66.
- UN Department of Economic and Social Affairs (DESA) Working Papers, 2520-6656 ; no.66
- Language:
- English
- Subjects (All):
- Economic and Social Development.
- Local Subjects:
- Economic and Social Development.
- Physical Description:
- 1 online resource.
- Place of Publication:
- New York : United Nations, 2008.
- System Details:
- text file
- Summary:
- Various different and sometimes contradictory lessons have been drawn from the 1997-1998 East Asian crisis experiences. The ideological implications and political differences involved have complicated the possibility of drawing shared lessons from the crises. The seeming calm and increased growth in most developing countries in the period since 2001 have also undermined the possibility of far-reaching developmental reforms following the experience. Perhaps most importantly, the vested interests supporting existing international financial governance arrangements continue to impede the possibility of implementing lessons drawn from the experience. Such interests are generally supported by conventional wisdom and reinforced by the financial media.
- Access Restriction:
- Restricted for use by site license.
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