ABSTRACT

There have been many books, articles and reports, as well as conferences and seminars discussing what happened a decade ago in the economies of Asia: the causes and effects, descriptions and analyses, as well as lessons learned or not learned together with attempts to theorize about what is generally labeled as the Asian financial crisis. Curiously, there is actually no consensus which could be accepted as a single specific explanation on what caused the crisis and why it became a contagion that dramatically affected practically all aspects of human lives in so many Asian economies.