That is the task that I shall begin today, though it is probably too big a task to finish in one session. What happened? I start with the question: what happened? There are many detailed treatments available elsewhere of what occurred, and I cannot do full justice to the literature or to the events themselves, which were fairly complex.
3 We must be mindful, too, that “Asia” is not some homogenous mass, but a group of countries and economies that have considerable variety in their historical development and their approach to some economic policies. Nonetheless, I have to generalise for the sake of brevity. Asian economies grew rapidly through the mid 1990s.