The Asian crisis that started in July 1997 wrought untold damages on a large number of countries worldwide and brought intolerable hardships and poverty to millions of people in Asia, and to a lesser extent in Russia and Latin America as well as the European Union. After more than three years of widespread economic, social and financial turmoil, there were signs in mid 2000 that a slow but promising economic recovery was on the way in Asia. This book explores in-depth the major issues and important aspects of this economic recovery and its potential impact on growth, development, trade and investment. Expert contributors also discuss the global directions in international economic and financial relations, corporate and public governance and the challenges to be met and managed in the 21st century.

The Asian crisis, and its subsequent recovery, is a global experience and as such is one of the most challenging and important crises of our times. The Asia Recovery is a timely and valuable contribution that will be essential for those in government, business and academia to understand this crisis more fully.