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Economic Trends and Impacts in the ESCWA Region, Issue No. 2

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This study presents an analysis of financial developments in the region in the wake of the financial crisis in East Asia in 1997 and its aftermath, and in the context of the newly introduced capitalist framework. It examines the financial systems in ESCWA member countries and their role in achieving economic growth. It also highlights trends and weaknesses of the financial sector, so as to assist decision makers in pre-empting financial crises.