Abstract
In mid-1997, a major crisis embraced the economies of Southeast Asia. Its effects were severe, particularly on the countries of the Association of Southeast Asian Nations (ASEAN),1 many of whose currencies suffered marked devaluations. Prior to the crisis, many of these countries had been experiencing prolonged periods of economic growth: indeed four of them2 had been identified as ‘high-performing Asian economies’ (HPAEs) by the World Bank in its assessment of the ‘East Asian Miracle’.
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Bibliography
Commission of the European Communities (1994) Towards a New Asia Strategy, COM(94) 314 final (Luxembourg: Office for Official Publications of the European Communities).
World Bank (1993) The East Asian Miracle (New York: Oxford University Press).
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© 2000 Roger Strange, Jim Slater and Corrado Molteni
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Strange, R. (2000). Introduction. In: Strange, R., Slater, J., Molteni, C. (eds) The European Union and ASEAN: Trade and Investment Issues. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-62862-9_1
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DOI: https://doi.org/10.1007/978-1-349-62862-9_1
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-62864-3
Online ISBN: 978-1-349-62862-9
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