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In his article intends to comment on the recent Southeast Asia financial crisis, the author tries to reveal the fundamental deficiency of the well -known economic growth mode in east Asia, which he regards as the essential cause of this money crisis. Here recurred the prophecy of Prof. Paul Crugman, a famous economist in Massachudetts Inst of Technology. For pointing out the intrinsic defect of themode his foreboding was once seen as a slander,but the author by analysis comesto conclude that it’s fulfied now. The analysis is around 3 levels: essential condition, interior growth mechanism and international political economic enviroment. At last he retrospected the east Asia mode on the following aspects: industrial structure, foreign capital, economic integration, etc.
In his article intends to comment on the recent Southeast Asia financial crisis, the author tries to reveal the fundamental deficiency of the well -known economic growth mode in east Asia, which he regards as the essential cause of this money crisis. Here recurred the prophecy of Prof. Paul Crugman, a famous economist in Massachusetts Inst of Technology. For pointing out the intrinsic defect of themode his foreboding was once seen as a slander, but the author by analysis comesto conclude that it’s fulfied now. The analysis is around 3 levels : essential condition, interior growth mechanism and international political economic enviroment. At last he retrospected the east Asia mode on the following aspects: industrial structure, foreign capital, economic integration, etc.