Dear Democracy Now! Visitor: We are an independent, ad-free daily news program that serves millions of viewers and listeners each month. In this US election year, Democracy Now! is more important than ever. For 20 years, we’ve put a spotlight on corporate and government abuses of power. We lift up the stories of ordinary people working to make change in extraordinary times. We do all of this with just a fraction of the budget and staff of a commercial news show. We do it without ads, corporate sponsorship or government funding. How is this possible? Only with your support. A generous funder will match your donation dollar for dollar if you donate right now. That means when you give $10, your donation will be worth $20. Pretty exciting, right? So, if you've been waiting to make your contribution to Democracy Now!, today is your day. It takes just a couple of minutes to make sure that Democracy Now! is there for you every day.

Your Donation: $

APEC, Korea and the Asian Crisis

November 25, 1997
Story
WATCH FULL SHOW

Pacific Rim leaders put the finishing touches on a 68 billion dollar rescue package for host of Southeast Asian countries who have been facing a series of currency and financial crises. In return, those countries must give a more powerful role to the International Monetary Fund, which will be demanding sharp austerity programs in return for the financial backing.

One of the countries hit hard by the currency and financial crisis is South Korea, which agreed to a $20 billion International Monetary bail-out last week.

Guest:

  • Marty Hart Landsberg, a professor of economics at Lewis and Clark University. He is the author of Rush to Development: Economic Change and Political Struggle in South Korea. His upcoming book is called the ??Imaginary Line: US Foreign Policy and Korean Unification.??
    ??.??
    ??.??
    ??.??
    ????

The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.