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Asia's financial futures

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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.
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Keywords: Asia; Economic Conditions; Economics; Financial Forecasting

Document Type: Research Article

Publication date: 28 July 2002

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