ABSTRACT
This chapter provides a general overview of the economic impact of the 1997–1998 East Asian financial crisis on the European Union (EU). It examines the state of pre-crisis EU – East Asia economic relations. The chapter considers how the crisis was viewed from Europe. For much of the 1990s the EU afforded increasing priority to developing economic relations with East Asia. The economies of this region had been the EU's most dynamic trading partners for some time. The chapter argues that both threats and opportunities were created by the crisis for the EU in both commercial and political economy domains. European firms and policy-makers were looking to forge closer ties with East Asian states based on a wide range of economic security motives. The chapter examines the EU's initiation of anti-dumping investigations with the imposition of any subsequent anti-dumping duties (ADDs) themselves being of secondary importance at this early stage of post-crisis analysis.
