The Economic Performance of the ASEAN Economies from the Mid-1990s

The analysis delves into the sluggish recovery of ASEAN economies post-1997 financial crisis, highlighting how major nations, including Singapore, have struggled to regain pre-crisis growth. The author identifies deep-rooted structural issues that predated the crisis as primary contributors to this stagnation, particularly in Indonesia and Thailand. These countries have faced challenges in addressing these problems through successive governments, compounded by shifts in regional and global economic landscapes, leaving them exposed to negative trading and financial conditions.