, governments in Asia and the broader international community announced large aid programs. The resulting assistance effort was one … countries in Asia. Other lessons include the need for better cooperation between the international community and local and …

investment would mean additional vulnerabilities and serious negative impacts on efforts towards sustainable development and a …

late nineties. Uneven behaviour of investment was a major explanation. Risk aversion and adverse expectations prevented … investment from rising. Since sufficient domestic and foreign savings were available to compensate for government borrowing, the … high fiscal deficit did not crowd out private investment or raise risk and interest rates. A sign of the absence of excess …