Of particular interest is the question of whether there are recurring themes from which we can draw lessons on how to manage the current episode. My talk is based on research by a couple of my colleagues from the Bank which draws on the work of several economic historians.
In the aftermath of the crisis, ASEAN countries conducted vast restructuring towards recovery. ASEAN economy rebounded with improved economic structure. The region quickly learned from the unfortunate  experience. ASEAN  strived  to  regain domestic  and  international confidence. And now, the region has revived with healthy growth and stable financial sector. 12.