Responsible Development

Until the dramatic economic collapse of 1997, East Asia was the symbol of a successful market-led development strategy for Western governments, aid agencies and academics, despite underlying concerns about a lack of rights and freedoms. The crisis changed Asia and the world; currency depreciations, personal and state indebtedness, mass unemployment and rioting brought the paternalistic capitalist phase to an end in Asia. The decade following the economic crisis has seen a swift response, with th