China appears to have successfully weathered the worst impact of both the Asian Financial Crisis (1997-98) and the Global Financial Crisis (2008-2009). Chinese leaders did respond quickly, and on occasion massively, to the challenge of external crisis. In retrospect, however, each crisis...

The global financial crisis caused major economic problems in many countries. Indonesia was obviously affected by this crisis; its export growth declined significantly. Nevertheless, the impact of the crisis on the Indonesian economy was relatively limited compared to other countries in the...