It is now clear that the economic crisis that struck East Asia so suddenly and violently at the end of 1997 has irrevocably altered the political and economic landscape of the region. Major Asian companies have gone bankrupt, anxious domestic and foreign investors have relocated vast amounts of capital abroad, interest rates have skyrocketed, and inflation and unemployment have soared. At the same time, the economic crisis has also led to the collapse of several governments within the region. In South Korea, an opposition party led ..
