East Asia's economic crisis | Asia's suffering | The Economist

East Asia's economic crisis | Asia's suffering | The Economist: "and domestic consumption was suppressed. Partly out of fright at the balance-of-payments pressures faced then, countries have run large trade surpluses and built up huge foreign-exchange reserves. Thus the savings of poor Asian farmers have financed the habits of spendthrift Westerners."

An anatomy of Asian economic woes | Troubled tigers | The Economist

An anatomy of Asian economic woes | Troubled tigers | The Economist