摘要:After more than a decade of rapid economic growth, many East and SoutheastAsian countries face the prospect of a long economic slump, and the poor in thesecountries face a reversal of their halting climb out of poverty. Between mid-1997 andthe spring of 1998, the currencies of five of these nations (South Korea, Indonesia,Malaysia, the Philippines, and Thailand) fell by 40–80 percent against the U.S.dollar, precipitating a financial and economic crisis, the long-term effects of whichare uncertain. The expected growth rates of gross domestic product in the region'seconomies have been revised sharply downward, into negative territory in mostcases. The declining growth rates and depreciating exchange rates may significantlyalter the levels of malnutrition, nature of domestic food demand, and patterns oftrade in the region and throughout the developing world. Exports from the developedworld will be affected as well.