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Last year, however,
that currency crash triggered a crisis in other East Asian
countries that has dominated news coverage in a way that no
other foreign financial crisis has ever done before in this
country. The reason for the change is that we now have more at
stake than ever before in the economic performance of these
countries...
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The reason for the change is that we now have more at
stake than ever before in the economic performance of these
countries. Not only are they major customers for our products;
the rich countries and developing countries are also
increasingly linked by financial ties. In 1996, the developed
countries including the US invested more than 250 billion in
emerging markets, and this is compared to roughly 20 billion
ten years earlier...
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