Co-design for a New East Asia After the Crisis

East Asia enjoyed a role as a growth center of the world economy from the 1960s until the currency and economic crisis of 1997. In 1993, the World Bank issued a report entitled "The East Asian Miracle: Economic Growth and Public Policy," in which the bank expressed its admiration for the region 's rapid economic development. However, within only four years the region had fallen prey to the currency and economic crisis that spread outward from Thailand. In the midst of the crisis, many East ...