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Two Crises, Different Outcomes: East Asia And Global Finance (Cornell Studies In Political Economy)-used Esther M Hacking Comments On The CultureTwo Crises, Different Outcomes Examines East Asian Policy Reactions To The Two Major Crises Of The Last Fifteen Years: The Global Financial Crisis Of 20089 And The Asian Financial Crisis Of 199798. The Calamity Of The Late 1990S Saw A Massive Meltdown Concentrated In East Asia. In Stark Contrast, East Asia Avoided The Worst Effects Of The Lehman Brothers Collapse, Incurring Relatively Little Damage When Compared To The Financial Devastation Unleashed