Part 1/10:

The Asian Financial Crisis: A Prelude to Global Economic Turmoil

The late September of 1997 marked a significant gathering for the International Monetary Fund (IMF) and the World Bank in Hong Kong, amidst a decade of prosperity across the globe. Attended by the world's financial elite, this annual meeting aimed to discuss strategies to promote economic growth and tackle financial crises. Participants could confidently look back at ten years of stability, buoyed by the success of East Asian economies and the waning influence of communism.