Asian economic crises: What were the causes and consequences? To what extent does their occurrence relate to globalization?

The Asian economic market was seen as a success in terms of rate of growth and gains in living standards. Their remarkable achievement in sustaining a high rate of economic growth over a long period was significantly fostered by their active participation in the globalization process. This enabled them to take advantage of the increasing opportunities for using trade as an engine of growth and for accessing external capital and technology. In almost all Asian …

…can see how more or less every aspect of trading, investing all is connected to globalisation. References: www.worldbank.org www.federalreserve.gov www.globalization.about.com/cs/whatitis The Financial Crises in East Asia: http://www.worldscibooks.com/economics/etextbook/4534/4534_1_2.pdf The Economic Crises in East Asia: Causes and effects http://www.worldbank.org/eapsocial/library/khor.pdf What caused the East Asia's Financial Crises? www.frbsf.org/econrsrch/wklyltr/wklyltr98/el98-24.html