About the product
As Asia's financial and economic crisis which started in 1997, deepened and spread around the world, United Nations economists on five continents shared notes to understand the upheaval and suggest reforms at national and international levels. The process led the Secretary-General to present a set of recommendations to the General Assembly on methods to strengthen the capacity of developing and transitional economies to cope with international financial volatility and to reduce risks posed by the current international financial system. This publication presents the results of these exercises, including revised and updated papers and summaries of 1998 discussions at which economists and scholars discussed the crisis in terms of behaviour of direct investors and financial markets.
