Asia's Financial Crisis: Causes, effects and aftershocks.

The financial crisis which overwhelmed East Asia in 1997 and 1998 sent shock waves around the world, raising fears of a global economic meltdown. The impact on ordinary people in the worst-hit countries - Indonesia, Thailand, South Korea and Malaysia - has been enormous, and will reverberate for a long time yet. Meanwhile, economic conditions in China and Japan give much cause for concern. Is the Asian crisis over, or is there worse to come?

This briefing looks at the way the crisis affected the different countries, and at the various measures which have been suggested for ensuring that it does not happen again.

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