Globalization of Financial Markets and the Asian Crisis: Some Lessons for Third World Developing Countries
Park examines the causes of the Asian financial crisis and draws some lessons and implications for a series of issues, which may be of particular relevance to the Third World developing countries. These issues include: the appropriate role of the International Monetary Fund as an international agency in charge of helping member countries to maintain financial stability; the choice of an appropriate exchange rate regime and use of restrictions on private capital flows in the face of rising globalization; and the debate on the East Asian model of economic development.
Jong H. Park. "Globalization of Financial Markets and the Asian Crisis: Some Lessons for Third World Developing Countries." Journal of Third World Studies 19.2 (2002): 141-64. Print.