IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-0-333-98298-3_9.html
   My bibliography  Save this book chapter

The Wobbly Triangle: Europe, Asia and the US after the Asian Crisis

In: After the Asian Crises

Author

Listed:
  • Vinod K. Aggarwal

Abstract

Discussion of the potential conflict among three actors — Japan, Europe, and the US — has been a popular topic among academics, policymakers, and popular commentators.1 More recently, China has replaced Japan in this role. Less pessimistically, there have also been co-operative efforts among different regions — or what I term transregional arrangements. These include the formation of the APEC forum that ties North America to Asia, ASEM, TABD, FTAA linking North and South America, and EU-Mercosur agreement. Thus, at least in theory, the three poles in the global economy might be able to stabilize and lead the world economy together, particularly if co-operative arrangements develop among major regions. The recent Asian crisis, however, has thrown this three-legged stool into a wobbly crisis, and speculation that Asia is now ‘finished’ because of mismanagement, gross corruption, poor state planning and the like, rule the day. Yet reports of Asia’s demise recall what a healthy Mark Twain cabled in 1897 upon reading his obituary: ‘The reports of my death are greatly exaggerated.’

Suggested Citation

  • Vinod K. Aggarwal, 2000. "The Wobbly Triangle: Europe, Asia and the US after the Asian Crisis," Palgrave Macmillan Books, in: Maria Weber (ed.), After the Asian Crises, chapter 9, pages 173-198, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-0-333-98298-3_9
    DOI: 10.1057/9780333982983_9
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-0-333-98298-3_9. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.