Three Countries’ Winning Formula

July 24, 2007

NOT a single country in Asia escaped the economic crisis that swept across the region like a storm a decade ago. What did differentiate them was which ones were most ready to confront the crisis. South Korea, Thailand and Vietnam recovered the fastest—barely a year. Indonesia took three years to return to levels of positive growth.

Thaksin in Thailand and Kim Dae-jung in South Korea played a significant role in bringing their countries out of

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