Asia’s Unhappy Anniversary
This month marks the 20th anniversary of the Asian financial crisis. While such milestones are not exactly cause for celebration, they at least afford an opportunity to look back and examine what has changed – and, no less important, what hasn’t.
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AIX EN PROVENCE – This month marks the 20th anniversary of the Asian financial crisis – or, more precisely, of the event that triggered the crisis: the devaluation of Thailand’s baht. While such anniversaries are not exactly cause for celebration, they at least afford an opportunity to look back and examine what has changed – and, no less important, what hasn’t.