Economists and political scientists spent considerable energy in the past decade explaining the Asian economic miracle—the ability of so many Asian countries to sustain high growth and industrial transformation. Until last year few gave much thought to problems or distortions in Asia’s development process.
Last summer, the problems began bursting to the fore, starting with Thailand and reverberating across large portions of Asia. Now the need is to explain what went wrong and to analyze the many possible implications of the Asian financial crisis. This issue of the Brookings Review brings together a wide range of views on the causes, implications, and possible cures for Asian problems.
[John Bolton’s statement that the North Koreans “have not lived up to the commitments” made in Singapore] totally cuts Secretary of State Pompeo and the special representative, Steve Biegun, at the knees. What is the incentive for North Korea to actually talk about the meat-and-potatoes of denuclearization with the special representative and with the secretary of state if the national security adviser has said nothing is happening so we have to go straight to the top?