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Scroll down for more in this section |
Jan. 26 - Feb. 1,2001
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Asia in 2001: A Peek AheadExperts have reservations, optimistic about Asian economies By Ron Chepesiuk In the summer of 1997, Asia began to feel the heat from the collapse of Thailand’s national economy. The region’s economies fell one after another like dominoes. Their asset markets collapsed, banks failed and companies went bankrupt. The crash appeared to be the end of the “Asian miracle.” Today, no one talks about a miracle, but the Asian economy continues to rebound. The region experienced strong economic growth in 2000, peaking at 7.5 percent compared to the global growth rate of 4.2. |
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