记者:萧教授,震惊世界的东南亚经济危机中,股市暴跌是主要表现。从1997年7月1日至今年年初,东南亚五国股市跌幅在40％以上。其影响仍在持续,给东亚乃至世界经济均造成很大危害。请您谈谈造成这次东南亚金融危机的原因是什么? 萧教授:东南亚金融危机的原因是多方面的。其一,在经济高速发展的同时,经济结构不合理。例如泰国大量资金投资于房地产,由于房地产有效需求不足引起债务危机,是引发金融危机的重要原因。其二,过分强调外向型经济的作用。无可置 Reporter: Professor Xiao, the world economic crisis in Southeast Asia, the stock market crash is the main performance. From July 1, 1997 to the beginning of this year, the stock markets in the five Southeast Asian countries fell more than 40%. Its impact is still continuing, which has caused great harm to the economies of East Asia and the world at large. Please talk about the reasons for the financial crisis in Southeast Asia is what? Professor Xiao: Southeast Asia financial crisis for many reasons. First, while the rapid economic development, the economic structure is irrational. For example, a large amount of funds in Thailand invested in real estate, due to the effective demand of real estate caused debt crisis, is an important cause of the financial crisis. Second, over-emphasis on the role of export-oriented economy. Nothing can be set