Asia Under Siege: How the Asian Miracle Went Wrong

This book examines how a potent mix of greed, bad governance and unchecked globalisation sent the Asian Miracle off tangent. Good governance and fiscal discipline will be crucial in the Asian recovery; so too will be the role played by foreign investors and governments in getting money flowing into the region again. Any effort at recovery will have to address the problems in banking first, which remain the Achilles’ heel of Asian economies. It will, of course, take some time before the region gets on its feet again. Prosperity will only return to Asia if it takes to heart the painful lessons of history and learns from it.