The East Asian crisis has been the subject of much debate. We remain uncertain whether to see the crisis as a financial panic or as a business cycle phenomenon. This paper, based on a survey of business managers in Thailand, looks at the micro aspects of the crisis: its impact on business firms...

It is widely thought that East Asian culture has contributed to the rapid growth of the area. Paradoxically, the financial crisis and slowdown in the late 1990s may be attributed to some of the same cultural factors. This paper summarizes the results of a survey study of business culture and...