The US's role in the economic crisis that struck the Asian region during the late 1990s is considered. The conventional explanation of blaming the Asian nations themselves for the regional crisis is repudiated. Rather, it is countered that the existence of an international shortage in capital, primarily in the form of savings, coupled with the failure of Asian currencies to compete with the American dollar precipitated the regional crisis. Asian production & circulation figures during the 1990s in relation to the global economy are then discussed, noting that Asian nations possessed much smaller pools of resources than did the US. It is subsequently argued that Western nations' demand for capital, the withdrawal of Western bank credit from Asian nations, the decreased consumption rates throughout the region, & the increased exportation of natural resources all contributed to the regional economic crisis. In addition, it is claimed that the increase of post-crisis foreign direct investment by Western nations into the Asian region has actually exacerbated the crisis situation. The US's desire to augment its investment in the People's Republic of China is also addressed. It is suggested that military activity may increase if US measures to control capital flows are met with resistance by certain Asian nations. 51 References. J. W. Parker
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Howard Lewis writes to his parents in Melvin Village, Tuftonboro, New Hampshire, from Vietnam on 22 May 1969; he describes the rain and their progress on construction of their fire support base; storms flooded the place and collapsed a couple of the bunkers; they had a party for a couple mechanics that are going home soon. ; Howard C. Lewis graduated from Norwich University in 1966 with a degree in business administration. Following his graduation, he served in the Army's armored branch and was a cavalry troop commander and battalion staff officer in Vietnam in 1969. Transcription by Danielle Dalton. Transcriptions may be subject to error.