ABSTRACT

Based on a roundtable discussion, the article surveys the causes and consequences of the East Asian economic crisis as it began to take root from the middle of 1997. While retaining the form of a debate, and thus exhibiting some disagreement between the participants, it deals with the macroeconomic and international dimensions of the problem, as well as the domestic and institutional sources of the crisis in each of the relevant societies. It concludes with a commentary on some of the likely long-term effects of the crisis for East Asia and for the global economy more generally.