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Miracle to Meltdown in Asia – Business, Government and Society - Oxford Scholarship Online
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Miracle to Meltdown in Asia: Business, Government and Society

Norman Flynn


The crisis in Asia has caused economic hardship and brought an end to the ‘economic miracle’ of fast economic growth in the region. This book asks whether the 1997/8 crisis marks a break with the past and signals an end to ‘Asian’ ways of running economies. During the period of rapid growth there were strong connections between governments and business in the region. ‘Cronyism’, or close connections between family, business, and government, was exposed when the stock markets and currencies dived. Pressure from overseas investors and international organisations has produced reforms in the regio ... More

Keywords: crisis, Asia, economic hardship, rapid growth, business, cronyism, stock markets, currencies, overseas investors

Bibliographic Information

Print publication date: 1999 Print ISBN-13: 9780198295525
Published to Oxford Scholarship Online: October 2011 DOI:10.1093/acprof:oso/9780198295525.001.0001


Affiliations are at time of print publication.

Norman Flynn, author
London School of Economics