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The Asian Financial Crisis: Causes, Cures, and Systemic Implications (Policy Analyses in International Economics)

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After reading this book,I don't agree with the opinions of the writer,at least part of them.Through my experience in the Suotheast Asian financial Crises,this cause is only secondary one among numbers of them. Most of the west economic analysers consider that the causes of Asian Financial Crises are Capital Flows.It flew into the vulnerable economic countries and destoried their state economy. But I think that the real causes are rooted in their economic frame system.With rapid economic rate,all Southeast countries didn't care about their domestic economy turn to multi-economic frame. For a long time,Aisan countries depended on export-oriented economic, this made them effcted by the international situation greatly. So,I consider that the Crises' coming is right at its time.This is the accumulation of Asian economic shortcomings.It must come,just for the time. For a assumption: if one country's economic system frame is as well as the West such as USA or the Eurapean countries,how can the Capital flow in and destory its economy? The "Capital Flows"is just an outside reason.The essential causes are the systemic crises.