ONCE AGAIN: 10 YEARS AFTER THE CRISIS Edsel L. Beja, Jr. ATENEO DE MANILA UNIVERSITY

LOOKING BACK AND LOOKING FORWARD Economic Performance Before & After the Asian Crisis Forensic Accounting: Cost of the Asian Crisis

LOOKING BACK AND LOOKING FORWARD Philip Tetlock (1996). Counterfactual Thought Experiments in World Politics, Princeton, NJ: Princeton University Press Robert Fogel (2007). Capitalism and Democracy in 2040: Forecasts and Speculations, NBER WP No 13184, National Bureau of Economic Research Lance Taylor and Codrina Rada (2007). Can the Poor Countries Catch Up? Mixed Results from Extended Sources of Growth Projections for the Early 21st Century, Metroeconomica 58(1):

ECONOMIC PERFORMANCE

Crisis-affected Asian Economies Data: World Development Indicators Asian Development Outlook Figures are normalized to 1996

ECONOMIC PERFORMANCE:

ECONOMIC PERFORMANCE:

ECONOMIC PERFORMANCE:

ECONOMIC PERFORMANCE:

ECONOMIC COST

Forensic Accounting: Asian Crisis Data: World Development Indicators Asian Development Outlook Trending

ECONOMIC COST: Indonesia

ECONOMIC COST: Malaysia

ECONOMIC COST: Philippines

ECONOMIC COST: South Korea

ECONOMIC COST: Thailand

ECONOMIC COST: Indonesia

ECONOMIC COST: Malaysia

ECONOMIC COST: Philippines

ECONOMIC COST: South Korea

ECONOMIC COST: Thailand

ECONOMIC COSTS Indonesia $ 36.8B $ 89.7B $ 94.7B [24%] [41%] [41%] Malaysia $ 13.1B $ 37.0B $ 39.0B [17%] [31%] [31%] Philippines $ 9.8B $ 6.5B $ 6.6B [ 6%] [ 7%] [ 6%] South Korea $ 62.1B $ 54.2B $ 52.3B [14%] [ 8%] [ 7%] Thailand $ 39.6B $ 87.8B $ 95.1B [35%] [53%] [55%]

LOOKING BACK AND LOOKING FORWARD

ONCE AGAIN: THANK YOU

LOOKING BACK AND LOOKING FORWARD Dynamic Expansion: Pull-up Growth Strategy Broad-based / Balanced / Sustainable Growth Role of Government: Take Steps to Realize Robust Growth, thru Variety of Strategies Managing Intl Flows: Supply Side Issues of International Finance and Trade Intl Intervention: Managing the Storm Intl Cooperation: Policies and Reforms