Word: crisises
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Dates: during 1990-1999
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For one thing, the region's entrepreneurs are not what they used to be. By and large, Asian institutions that looked on paper like modern corporations were really overgrown family firms, whose growth depended on the personal wealth of their owners and their ability to leverage that wealth through bank...
Even before the crisis there were indications that Asia was facing diminishing returns--that rapid growth was being sustained only by ever more massive infusions of foreign capital. Foreign investors may have stopped fleeing, but they are not going to pour in funds the way they did a few years...
Inevitably, worries about Japan color the prospects of the whole region. And Japan was in trouble long before anyone even imagined that the words Asia and crisis could be used in the same sentence.
DID THE CRISIS HELP?
Giving up its symbols is just about the hardest thing for a nationalist movement to do, and the quintessential symbol of Irish republicanism is the assault rifle. That is at the heart of the tricky situation facing British and Irish leaders, who, with a Wednesday deadline looming, on Tuesday entered...