Download or read book Private Capital Flows in the Age of Globalization written by Organisation for Economic Co-operation and Development and published by Edward Elgar Publishing. This book was released on 2000 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Asian crisis of 1997 demonstrated how interconnected the global economy has become, and this work is an attempt, by an international group of contributors, to understand the financial crisis by taking into account the dynamics of private capital flows. The authors answer some of the most important questions relating to the financial crisis, and seek to find solutions to prevent such crises occurring again, including: what caused the crisis in Asian countries?; why did most analysts fail to anticipate the crisis?; why were the effects so severe?; what is the key to recovery in Asia and other crisis countries?; what can be done to prevent such a crisis from occurring again?; and how can the international system deal with such circumstances more successfully?