This timely and authoritative book explains the rise and fall of economies in
Asia, Central America and Europe since 1980 and discusses these crises in the
context of continuing economic globalization. This updated and fully revised edition
includes a detailed account of the Mexican crisis of 1994–95, the Japanese crisis
which has worsened in the late 1990s and the Asian crisis which emerged in 1997.
Professor Allen discusses the impact of new uses and forms of money, and new
financial flows such as electronic monies and offshore financial markets.