Regulating International Finance: a perspective from the South
The world financial crisis of 1997-1999 has had devastating economic and social consequences. As much as $ billion in output, or 1 percent of world GDP, has been lost in Indonesia, the proportion of people living in poverty increased from to percent in a single year, or insert million people. In Korea. In Thailand. In the Philippines. Although the financial crisis was officially proclaimed at an end in the Spring of 1999, the effects on millions of people will linger for years.
<!–[if !supportLists]–><!–[endif]–>[Published in New Political Economy, Vol. 4, No. 3; November 1999; 415-419].
