This paper critiques Lo's work on the Asian Crisis (see Spring 1999 issue of Capital & Class) and offers a regulationist alternative. This suggests there was a certain structural coherence between the production and financial forms in the post-Plaza period and that this productive-financial configuration was prone to crises of overproduction-underconsumption, overborrowing, and exchange weaknesses. This vulnerability was exacerbated by specific conjunctural developments that disrupted the previous coherence. The resulting disarticulation has had differential effects on economies in the region.
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