Miracle to Meltdown in Asia

Norman Flynn summarizes many arguments and viewpoints about Asia’s 1997-1998 financial crisis. Flynn, who thoroughly documents his information with examples, charts and graphs, lays out the key pre-crisis weaknesses in the Asian economies. Then, he examines ways that "expressive" personal relationships, especially among the élites, define much of Asia’s economic and political activity. He examines shifts in society, as globalization and supranational institutions (read IMF) move power from governments and élites to the markets. Flynn leans away from drawing conclusions - he prefers to present various points of view - but when he does state a conclusive opinion, he is persuasive. The book is packed with useful information, despite being short, very dense, and rather academic. getAbstract recommends this excellent book to anyone with a serious interest in investing or doing business in Asia.