ABSTRACT
This chapter talks about a world, where there are increasing flows between multiple and diverse centres, as the novel context for the crisis. It discusses on the personalised networks that are embedded in relations of reciprocity based on kinship, friendship or other long term trusting relationships. The chapter suggests that exploring the changes in the balance, and the resulting disjuncture, might be useful in conceptualising and exploring the causes and outcomes of the Asian crisis, although it is beyond the scope of this chapter to analyse these in any detail. Yet even before the current Asian crisis threw all prior trajectories and projections into doubt, the continuing coexistence of these three models was frequently questioned, especially by monist partisans of states or markets. The chapter focuses on a clash at the interface of potentially incompatible systems, which had been previously developing along partially independent trajectories, due to a sudden change in the balance between them.
