Scenarios about 'financial contagion'
Financial contagion refers to the spread of market disturbances from one economy to others, typically through financial linkages such as cross-border investments, trade relationships, or shared creditors. This economic phenomenon gained prominence during crises like the 1997 Asian Financial Crisis and the 2008 Global Financial Crisis, demonstrating how financial instability can rapidly transmit across national borders. In alternate history scenarios, altered patterns of financial contagion can dramatically reshape global power dynamics and economic development trajectories.
What If The Asian Financial Crisis of 1997 Never Occurred?
Exploring the alternate timeline where the devastating economic collapse that swept through East and Southeast Asia never happened, potentially reshaping global economic power, developmental models, and international financial institutions.