| Abstract | The Asian economic miracle that began in the 1950s in Japan, was pushed forward by the dragon economies of Korea, Taiwan, Hong Kong and Singapore in the 1970s, and was launched virtually into orbit by the tigers of Southeast Asia and China in the 1980's, may well have died in 1997. Of course, that hardly means the region will stop growing. 1997 is not an end but the beginning of a prosperous new era. The article discusses the effects of 1997 economic crisis on the Asian countries, and predicts the future development of those countries. Hong Kong and China are covered. |
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