Asia weathered crisis better thanks to lessons of the '90s
Lessons learned in the Asian financial crisis of the late 1990s stood the region in good stead to weather the global crisis of the late 2000s, according to a new research paper from the International Monetary Fund.
The paper, Why Was Asia Resilient? Lessons from the Past and for the Future, by Phakawa Jeasakul, Cheng Hoon Lim and Erik Lundbäck, shows that the Asian crisis in the 1990s "helped reshape both public policies and private sector behaviour" to make the region "remarkably resilient in
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