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Interpreting the Asian Financial Crisis: Open Issues in Theory and Policy
Asian Financial Crisis Theory Policy
2009/9/1
This paper discusses the theoretical and policy debate on the crisis in
Southeast Asia. After contrasting competing interpretations of the crisis, the paper
presents stylized facts about fundamental...
The paper applies the notion of social well-being to show that
“sustainable development” should mean the maintenance of the productive
base of an economy relative to its population. It is shown tha...