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October 13 - October 19, 2000

Asia’s Unresolved Economic Issues

A report on the 2000 World Business Forum at Bretton Woods

The financial crisis in Asia in mid-1997 shook the region’s economies to the core, with a number of Asian countries experiencing sharp declines in currencies, stock markets and other asset prices. The crisis exposed the weakness in Asian financial systems, and to a lesser extent, their governance. It also led to volatility in international financial markets.

Since then, however, progress has been made, but it’s been a long hard road to recovery, and many Asian countries still face challenges in moving from government-driven to market-driven economies. As affected Asian countries have been clawing their way back to stability, new business opportunities have been opening up in post-crisis Asia.

COMPLETE STORY...

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