Economic crisis in East Asia: the clash of capitalisms
质疑东亚经济模型的统一性，批判‘裙带资本主义’解释的不足，提出流动性紧缩、产能过剩和冷战结束三种危机成因，适合关注东亚经济危机根源的学者。
The Asian economic model does not exist uniformly in East Asia and is, itself, only a model, not the complex economic reality of a huge and diverse area. 'Crony capitalism' is an inadequate explanation for what has happened in East Asia and, in the debate between Anglo-American economic orthodoxy and revisionism, the meltdown has tended to confirm the results of revisionist research. There are three main contenders among explanations for the meltdown--all three of which may prove to be true. These are the liquidity-crunch explanation, the overcapacity explanation, and the end-of-the-cold-war-in-East-Asia explanation. Copyright 1998 by Oxford University Press.