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Padma Desai grew up in the 1930s in the provincial world of Surat, where she had a sheltered and strict upbringing in a traditional Gujarati Anavil Brahmin family. Her academic brilliance won her a scholarship to Bombay University, where the first heady taste of freedom in the big city led to tragic consequences seduction by a fellow student whom she was then compelled to marry. In a failed attempt to end this disastrous first marriage, she converted to ...
This book provides a sweeping, up-to-date, and boldly critical account of the financial crises that rocked East Asia and other parts of the world beginning with the collapse of the Thai baht in 1997. Retracing the story of Asia's 'Crisis Five'-Indonesia, Malaysia, South Korea, the Philippines, and Thailand-Padma Desai argues that the region's imprudently fast-paced opening to the free flow of capital was pushed by determined advocates, official and private, in ...