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East Asia -- Economic conditions -- Periodicals

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Global Economic Prospects and the Developing Countries 1998/99: Beyond Financial Crisis

On December 2 the World Bank released a new 200 page annual report on the global economy which contained thinly veiled criticism of the International Monetary Fund and US Treasury's handling of the Asian financial crisis. The crucial mistake, the report maintains, was their decision to push Asian nations into easing their interest rates, which set off the almost-worldwide recession. While it warns...

https://documents.worldbank.org/en/publication/documents-rep...