… countries, particularly Japan, experienced major financial growth. Industries, especially those involving high technology, were thriving in East Asia (Sato, Ryuzo, and Takashi Negishi). In the mid 1990s, signs began to emerge that the economy was much less stable than people had originally thought (Sato, Ryuzo, and Takashi Negishi).
Firstly, capital account surpluses were greatly exceeding the deficits of many of the East Asian countries, including Japan, Malaysia, …
… fact that the export-led model is no longer sustainable because international markets are saturated. The mandating and structuring of regional markets by the nations in East Asia, particularly Japan, China, Malaysia, and Singapore, have proven to be devastating to their relative economies.
Goad, Pierre. Look Homeward, Asia. Far East Economic Review. 10 June
1999. Accessed 8 June 2003. http://www2.gol.com/users/coynerhm/ …
… The Causes of Japans Financial Crisis. (Electronic Version).
Accessed 8 June 2003. http://www-1.gsb.columbia.edu/japan/pdf/wp146.pdf.
Sato, Ryuzo, and Takashi Negishi. Developments in Japanese Economics. Tokyo:
Academic Press. 1989.