Private capital flows in the age of globalization : the aftermath of the Asian crisis / edited by Uri Dadush, Dipak Dasgupta, Marc Uzan.

Includes bibliographical references and index.

"In association with the Organisation for Economic Co-operation and Development/the World Bank."

The Asian crisis of 1997 demonstrated how interconnected the global economy has become, and this work is an attempt, by an international group of contributors, to understand the financial crisis by taking into account the dynamics of private capital flows. The authors answer some of the most important questions relating to the financial crisis, and seek to find solutions to prevent such crises occurring again, including: what caused the crisis in Asian countries?; why did most analysts fail to anticipate the crisis?; why were the effects so severe?; what is the key to recovery in Asia and other crisis countries?; what can be done to prevent such a crisis from occurring again?; and how can the international system deal with such circumstances more successfully?