Chaebol
All Fall Down

All Fall Down

Ten years after the Asian financial cataclysm of 1997, the economies of the Western Pacific Rim are growing, though not at the rates they enjoyed before the crisis. The region has been indelibly scarred by the crisis. There is greater poverty, inequality, and social destabilization than before the crisis. South Korea’s painful labor market reforms, for instance, have produced the quiet desperation behind one of the highest suicide rates among developed countries.

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