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Asia's financial futures

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Abstract:

In spite of strong economic recovery since 2000, the worst of the financial crisis in Asia may not be over. This article uses a predictive-cultural-critical framework to consider possible futures for economic development in the region. In the predictive dimension, the economic outlook for Asia looks pessimistic. In the cultural dimension, we give a negative expression to Asian appreciation and tolerance. In the critical dimension, we indicate an inconsistency between belief and action in Asia. However, a brighter future for Asia can be created if economic integration leads to political disintegration associated with market mechanisms and if the economic integration separates itself from Asian values.

Keywords: Asia; Economic Conditions; Economics; Financial Forecasting

Document Type: Research Article

DOI: http://dx.doi.org/10.1108/14636680210435119

Publication date: July 28, 2002

mcb/273/2002/00000004/00000002/art00005
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